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Avid Now Losing Money Faster

February 26, 2014, 05:53 AM

http://createdigitalmusic.com/2014/02/avid-maker-p...

Restructuring efforts at Avid maker Pro Tools seem to have accelerated losses, not slowed them. Financial site The Street reports today on the state of the company’s stock. Most troubling, yesterday Avid received a letter from NASDAQ delisting the company from the stock exchange. As of today, trading of AVID was halted on NASDAQ. (This doesn’t mean you can’t still trade AVID stock; you have to do it via the Over-the-Counter market.)

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