A major blow for Avid, the tech company that took over Sibelius software and got rid of its core development staff.
Avid was today dropped from the Nasdaq share index after questions about its performance. Full report here.
Avid closed at $4.93 yesterday, down more than 28% from Friday’s close. Avid was first listed on NASDAQ in 1993 and its share price had once reached as high as $66 in 2005