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Avid’s Gamble With Compliance Is Blowing Up

March 26, 2013, 07:07 PM

Considering the accounting trouble Avid has faced lately, incoming CEO Louis Hernandez Jr. had to have seen it coming. When the company announced that they would be indefinitely delaying the reporting of quarterly earnings, he had to have known that NASDAQ would take notice and start the process to delist them on the Stock exchange. So the next step in Avid’s long, slow death has been taken, and you can bet that investors are planning their exit strategies before it’s too late.

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