Looking4Value, thanks for all the time and research in comparing the historical value of Avid shares and the share value of its peers since March 16, 2000.
cndwjdb, commenting on L4V's post, made a good point when he said, "Avid in fact is doing better than their peers".
Avid and its peers are traded on the NASDAQ and they were all bruised since that guy Munster made his predictions back in March 2000. In fact the entire NASDAQ has been bruised since last Spring!
As Looking4Value observed, AVID has kept more of its value since last Spring than Autodesk, Media, Pinnacle or Liberate! When the NASDAQ pops back and maintains its strength for a sustained period of time, I believe Avid, because of its present value in comparison to its peers, will surpass the share price of 21 7/8 that it established on March 16, 2000 when US Bankcorp Piper Jaffery was prematurely optimistic on the entire industry!
Avid surpassed analyst's predictions during 1Q2000 and 2Q2000 and will do so IMHO during 3Q2000 and 4Q2000. The past has been tough for Avid Technology but the future will be better, especially when the restatement of prior earnings have been completely digested!
Disclosures: I am long on AVID. Short term: BUY Long term: BUY
I suggest everyone disclose their positions after their post!