Avid has announced that it has received approval to list its common stock on The NASDAQ Stock Market, effective with the open of trading on Monday, Dec 8 2014.
Avid makes Pro Tools, Sibelius, Media Composer and many other tools for pro audio and video.
NASDAQ suspended trading in AVID February 25, 2014, because the company had not published current financial statements. At the time, AVID noted that their delisting was because of problems with their accounting, not operating performance.
“We are pleased that Avid stock will once again trade on the NASDAQ,” said John Frederick, Executive Vice President, Chief Financial and Administrative Officer of Avid. “We look forward to generating sustainable, profitable growth as we continue to execute on our plan to unlock the full potential of Avid.”
Maybe caring about their customers would “unlock the full potential of avid”
Yeah, its “funny” how I wound up discarding tools from fussy, ill-mannered companies and settled on those who are stable and responsive. Any company whose rate of horror stories reaches a third or so should be avoided like three-headed VD. I won’t name ‘the scum,’ but I’ll say good words for MOTU, Apple, CME, Samson, Korg and Camel Audio. I do wish there was still an E-mu in the hardware business. The Proteus 2000 line kicked colossal ass and I still use sample sets of four of their modules.
Perfect, an opportunity to short them!
Read “thanks to the market for providing us a platform to sell our otherwise illiquid shares of this company to those suckers who know nothing about us or our history” “management looks forward to getting out of the stock at stupid prices before the market returns to normal”