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Message: Avid Technology Inc Q4 Results

Re: Avid Technology Inc Q4 Results

posted on Feb 04, 2009 01:55PM

At the end of 2008, the company’s cash balance was $147.7 million, up $25.3 million since the end of the third quarter of 2008 primarily related to the receipt of $28.8 million of proceeds from product line divestitures.

They can pay now $7.7 mil or wait for markman and pay more. Avid with this cash trades around $11 if Edig nets cash say as much as Avid and they trade at $5 I will be a happy camper. Even if Edig nets as much cash as avid and they do sit on it and invest it in CD's at 5% when the economy turns around they can collect around $7.5 mil in interest income alone and that alone is more than selling the IFE EVU, put we all know that they have plans to invest or partners with, so our future will be bright.

JMHO



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