Splice Now

On Thursday, Avid reported their first quarter results, showing flat revenues from the same period a year ago and net income of just $20,000 — essentially zero. The company also announced that it would take $100 million from its working capital and buy its own stock back.

On Friday, Avid stock dropped in price by almost 13% (chart).

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This entry was posted on April 28, 2007 at 3:52 pm and is filed under Avid. You can subscribe via RSS 2.0 feed to this post's comments. You can skip to the end and leave a response. Pinging is currently not allowed.