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Avid Technology, Inc. Message Board

  • Looking4Value Looking4Value Sep 7, 2000 7:37 AM Flag

    Share price may increase in near future

    I am speculating here that today and tomorrow and
    early next week should be good trading days for AVID
    investors.

    Why?

    Avid aquired Pluto!

    Avid relaunches its web
    site with emphasis on Avid's participation at the
    IBC!

    Avid has indicated on its web site that more news is
    on its way from the IBC Conference and Exhibit in
    Amsterdam!

    Trading volume was over 850,000 shares yesterday and AVID
    maintained its share value with a bump of 12 1/2 cents to
    close at 14 5/8 while the NASDAQ was down
    129.84!

    If the news is good from the IBC, perhaps an uplift
    of a buck or two or even more in Avid's share price
    is in order between today and tomorrow and early
    next week!

    Disclosure: I am long on AVID.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • There may be a bump followed by a slide, but AVID
      buying more companies might not be good news on Wall
      Street. My guess is that the 'street' is going to cool
      its heals on Avid until Q3 numbers arrive. I could be
      wrong, but Avid, like most public firms today, needs to
      show it can do more than spend money and issue press
      releases. That was good enough a year or two ago, but in
      todays market they will need to show growth and profits
      to get much action from the market.

      ATP

      • 1 Reply to at_the_party
      • I Don't think soon!!!!
        Pluto-Give me a break
        (competition from GVG)
        DSHD-will be dead on arrival Just
        like HDTV
        (Don't forget Panasonic pulled the plug
        on Monday Night Football)
        Avid management does
        good Press PR but not much
        else
        Great idea to
        kill off Softimage
        This company lacks focus on
        making products that make money
        Anybody remember
        DYNATECH

 
AVID
7.25+0.15(+2.11%)Apr 17 3:57 PMEDT

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