10/28/2011 Avid's stock sinks to new low....

[mlange]

As of this writing, the share price is $6.75 - down from $7.90 yesterday.

As far as I can tell, this is the lowest price ever within public trading.

[25ghosts]

Originally Posted by mlange

As of this writing, the share price is $6.75 - down from $7.90 yesterday.

As far as I can tell, this is the lowest price ever within public trading.

And this after a MAJOR release...


Normally (If the release is good) stock should rise !


If AVID want that stock to rise quickly, in public announcement, say

OK We messed up Price-Wise.... Here are the new Prices !!!!

[nst7]

You are correct:

http://finance.yahoo.com/echarts?s=A...urce=undefined


Keep in mind this is in reaction to more and more bad quarters over the years, as the events of the last week would be too soon to have a major impact for investors.

[cboyer1951]

What happened from 1995-1997 and from 2000-2003? The two major dips in the past?

I'll look for a Pro Tools history timeline I guess.
Nevermind, that Avid stock, 'not' Pro Tools, duh!!!

Chuck

[jimst57]

Isn't it amazing that people can make decisions that will sink a ship like this and still make the salary that they do.

Where do I find a job like that?

[danander11]

It dropped even further than I thought it might. It's slowly coming back up from $6.55 but who knows where the day will end. It lost $.85 overnight from close to open...

The sad part is, the rank an file will bear the brunt of all of this.. the 'big boys' will still bank their millions and bonuses..

I guess if I had to reveal my heart of hearts, it would be that Avid drive itself into the dirt and someone else come along that really does care about PT, buy it, and rebuild the PT Company... (going back to calling it Digidesign might not hurt either).

Still.. it only bodes ill for the rank and file.

[danander11]

Originally Posted by jimst57

Isn't it amazing that people can make decisions that will sink a ship like this and still make the salary that they do.

Where do I find a job like that?

Down here, Qantas is doing the same thing.. Joyce just got himself a $5 mil a year pay packet and the company is tanking. The board got something like $1.3 mil.

The biggest paydays are going to the worst leaders..

[nst7]

Actually, it's not uncommon for CEO's to get canned, if things continue like this. Gary Greenfield has been CEO for 3 1/2 years. I don't know how much longer the shareholders would give him to turn things around.

[danander11]

Originally Posted by nst7

Actually, it's not uncommon for CEO's to get canned, if things continue like this. Gary Greenfield has been CEO for 3 1/2 years. I don't know how much longer the shareholders would give him to turn things around.

His contract calls for him to receive an extra $2+ mil if that happens.. I wonder how much the 200 got..

[WernerF]

I can't imagine what they are waiting for. The canning is LONG overdue. He's done almost irreparable damage already.