Avid (AVID +1.6%) is now trading higher following news Gary Greenfield has been replaced as CEO...

|About: Avid Technology, Inc. (AVID)|By:, SA News Editor

Avid (AVID +1.6%) is now trading higher following news Gary Greenfield has been replaced as CEO by Open Solutions' Louis Hernandez. With Avid shares down 70% since Greenfield took over in Dec. '07, the Street's response isn't too surprising. Avid has issued a PR about the change that doesn't say much of anything. Its Q4 report is due on Feb. 26.