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Avid Technology, Inc. Message Board

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  • nothing_worthwhile nothing_worthwhile Aug 16, 2001 6:03 PM Flag

    Fingers crossed...

    On the other hand, Price/Book is under 2, Price/Sales is at .5, we know why they had a bad quarter, and when the economy comes back, they're going to be making money again, even if their competition takes off a bit of marketshare. They still have a big name, there's still a lot of growth opportunity overseas (and the dollar won't be going up forever), there's still a lot of opportunity in broadcast (which will switch to digital one of these days, even though they've been rediculously slow at doing so).

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    • > ...there's still a lot of growth opportunity overseas
      This is a nice idea, but I don't know where you get this from? I seem to remember Avid's release saying that they suffered especially badly in Europe, and I'm not sure where else you might be thinking of. So tell me, is this your hope, or is it based on facts?

      >...(and the dollar won't be going up forever)
      Sure, it can't go up for ever, but do you see it going down? I don't see any evidence for that in the coming quarters. In Europe the economy is getting worse, while my belief (from improving sales in the past 2-3 months) is that the US economy has started levelling. That leaves the US economy stronger than Europe for perhaps the next year. Asia/PacRim I don't know about future trends, just conflicting views, so I won't pretend to know on that score.

      No, I don't think you should expect Avid to be doing better overseas for a while. But I'm always willing to listen to facts and change my opinion...

      • 3 Replies to visionary2020uk
      • Can't believe that anyone could possibly think that Avid can come back. Let's get out heads out of the sand. They have no long term strategy, no low end products (they already killed those)and a board of directors and senior staff who can't think out of the box. The dollar is probably going to stabalize pretty close to what it is and the European market ususally lags the US by 6 to 9 months. Looks like the US won't recover until at least 1st quarter next year and then add on the 6 to 9 months lag for Europe doesn't print a pretty picture. Why doesn't senior staff think about new prodcuts and new markets? Some staffers (who have left) had great ideas but the strategy team (joke) shot them all down. Let's stay in Broadcast it is saturated guys! If they had listened to those staffers maybe Avid would not be in the position it is today.

      • Can't believe that anyone could possibly think that Avid can come back. Let's get out heads out of the sand. They have no long term strategy, no low end products (they already killed those)and a board of directors and senior staff who can't think of the box. The dollar is probably going to stabalize pretty close to what it is and the European market ususally lags the US by 6 to 9 months. Looks like the US won't recover until at least 1st quarter next year and then add on the 6 to 9 months lag for Europe doesn't print a pretty picture. Why doesn't senior staff think about new prodcuts and new markets? Some staffers (who have left) had great ideas but the strategy team (joke) shot them all down. Let's stay in Broadcast it is saturated guys! If they had listened to those staffers maybe Avid would not be in the position it is today.

      • "I seem to remember Avid's release saying that they suffered especially badly in Europe"

        I seem to remember from the conference call, they linked this to the weakening Euro more than to decreased demand...But I could be getting my stocks confused. :)

        "Sure, it can't go up for ever, but do you see it going down"

        Yes. Most of the analysis I've seen shows the dollar being overvalued. I'm not sure when this will correct itself (and it may even be out a couple of years) but eventually it will, so I can see some wisdom in long term investing in companies who stand to gain from a stronger international market, but who have a pretty good American market. I think Avid fits that mold, putting aside the current slump.

        So to me, this stock seems to be at a low (or was a few days ago), and I don't see a point in selling. I'm not sure when it's going to come back, and I don't see us going to 30, but I could see 15 or so in the next 6 months to a year. I'm not sure I'd put any more money into Avid, but I think I'll hold on to what I have.

 
AVID
10.34+0.05(+0.49%)Sep 18 3:59 PMEDT

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