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Re: Avid says No to NAB 2008

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Re: Avid says No to NAB 2008
by Raymond Motion Pictures on Nov 16, 2007 at 3:51:13 am

[Aanarav Sareen] "And, to those that say that Avid is losing money, you are correct as well. Take a look at their income statement:

http://finance.yahoo.com/q/is?s=AVID&annual

Their net income has been reducing over the past couple of years. However, their revenues are UP. A majority of their cost is coming from "cost-of-revenue," and not going to trade shows will certainly reduce this cost."

380 Million on 'Research Development' in the last three years. That's a lot of money. Assuming some of that went to market research - Avid is right where it planned to be...apparently.


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