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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
AVID Technology
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
05367P100
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following page(s))
Page 1 of 8 Pages
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CUSIP No. 05367P100 13G Page 2 of 8 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Montgomery Asset Management, L.P. IRS ID #94-3115321
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
California
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Number of Shares (5) Sole Voting
Beneficially Power 2,352,800 (as of 12/31/96)
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power -0-
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(7) Sole Dispositive
Power 2,352,800 (as of 12/31/96)
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(8) Shared Dispositive
Power -0-
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,352,800 (as of 12/31/96)
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
Not applicable
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(11) Percent of Class Represented by Amount in Row (9)
10.99 % (as of 12/31/96)
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(12) Type of Reporting Person*
IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 05367P100 13G Page 3 of 8 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Montgomery Growth Fund IRS ID #94-3187459
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
California
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Number of Shares (5) Sole Voting
Beneficially Power 2,000,000 (as of 12/31/96)
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power -0-
--------------------------------------------------
(7) Sole Dispositive
Power 2,000,000 (as of 12/31/96)
--------------------------------------------------
(8) Shared Dispositive
Power -0-
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,000,000 (as of 12/31/96)
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
Not applicable
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(11) Percent of Class Represented by Amount in Row (9)
9.34% (as of 12/31/96)
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(12) Type of Reporting Person*
IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 4 of 8 Pages
ITEM 1(A). NAME OF ISSUER
AVID Technology
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ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
Metropolitan Tech Park, One Park West, Tewksbury, MA 01876
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ITEM 2(A). NAME OF PERSON(S) FILING
Montgomery Asset Management, L.P.
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ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
101 California Street, San Francisco, CA 94111
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ITEM 2(C). CITIZENSHIP
California Limited Partnership
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ITEM 2(D). TITLE OF CLASS OF SECURITIES
Common Stock
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ITEM 2(E). CUSIP NUMBER
05367P100
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A
(a) / / Broker or Dealer registered under Section 15 of the Act
(b) / / Bank as defined in section 3(a)(6) of the Act
(c) / / Insurance Company as defined in section 3(a)(19) of the Act
(d) / / Investment Company registered under section 8 of the Investment
Company Act
(e) /X/ Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note: See Item 7)
(h) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
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Page 5 of 8 Pages
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
2,352,800 (as of 12/31/96)
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(b) Percent of Class:
10.99% (as of 12/31/96)
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
2,352,800 (as of 12/31/96)
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(ii) shared power to vote or to direct the vote
-0-
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(iii) sole power to dispose or to direct the disposition of
2,352,800 (as of 12/31/96)
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(iv) shared power to dispose or to direct the disposition of
-0-
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following. / /
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable
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Page 6 of 8 Pages
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable
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ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
2/11/97
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(Date)
/s/ Dana Schmidt
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(Signature)
Dana Schmidt - Principal
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(Name/Title)
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Page 7 of 8 Pages
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable
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ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
2/11/97
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(Date)
/s/ M.J. Fross
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(Signature)
Mary Jane Fross, Treasurer
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(Name/Title)
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Page 8 of 8 Pages
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(f)(1)
This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934 (the "Act") by and among the parties listed below, each
referred to herein as a "joint Filer." The Joint Filers agree that a
statement of beneficial ownership as required by Section 13(d) of the Act and
the Rules hereunder may be filed on each of their behalf on Schedule 13D or
Schedule 13G, as appropriate, and that said joint filing any thereafter be
amended by further joint filings. The Joint Filers state that they each
satisfy the requirements for making a joint filing under Rule 13d-1.
Dated: February 11, 1997
MONTGOMERY GROWTH FUND MONTGOMERY ASSET MANAGEMENT, L.P.
a series of The Montgomery
By Montgomery Asset Management, Inc.
its general partner
By: /s/ M.J. Fross By: /s/ Dana E. Schmidt
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Mary Jane Fross, Treasurer Dana E. Schmidt - Principal
