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  #1  
Old 10-28-2011, 07:28 AM
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mlange mlange is offline
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Default 10/28/2011 Avid's stock sinks to new low....

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.
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  #2  
Old 10-28-2011, 07:38 AM
25ghosts 25ghosts is offline
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Default Re: 10/28/2011 Avid's stock sinks to new low....

Quote:
Originally Posted by mlange View Post
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 !!!!
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Old 10-28-2011, 07:40 AM
nst7 nst7 is online now
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Default Re: 10/28/2011 Avid's stock sinks to new low....

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.
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Old 10-28-2011, 07:46 AM
cboyer1951 cboyer1951 is offline
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Default Re: 10/28/2011 Avid's stock sinks to new low....

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!!!

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  #5  
Old 10-28-2011, 07:52 AM
jimst57 jimst57 is offline
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Default Re: 10/28/2011 Avid's stock sinks to new low....

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?
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Old 10-28-2011, 07:58 AM
danander11 danander11 is offline
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Default Re: 10/28/2011 Avid's stock sinks to new low....

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.
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Old 10-28-2011, 08:00 AM
danander11 danander11 is offline
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Default Re: 10/28/2011 Avid's stock sinks to new low....

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Originally Posted by jimst57 View Post
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..
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Old 10-28-2011, 08:08 AM
nst7 nst7 is online now
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Default Re: 10/28/2011 Avid's stock sinks to new low....

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.
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Old 10-28-2011, 08:11 AM
danander11 danander11 is offline
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Default Re: 10/28/2011 Avid's stock sinks to new low....

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Originally Posted by nst7 View Post
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..
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  #10  
Old 10-28-2011, 08:14 AM
WernerF WernerF is offline
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Default Re: 10/28/2011 Avid's stock sinks to new low....

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