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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. One)*
Avid Technology, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
05367P100
- --------------------------------------------------------------------------------
(CUSIP Number)
April 30, 2005
- --------------------------------------------------------------------------------
(Date of Event which Required Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*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
disclosures provided in a prior cover 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).
SCHEDULE 13G
1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bluewater Investment Management Inc.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) [X]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Toronto, Ontario, Canada
5 SOLE VOTING POWER
2,115,592
NUMBER OF SHARES
BENEFICIALLY OWNED BY 6 SHARED VOTING POWER
EACH REPORTING PERSON Nil
WITH
7 SOLE DISPOSITIVE POWER
2,115,592
8 SHARED DISPOSITIVE POWER
Nil
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,115,592
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.02%
12 TYPE OF REPORTING PERSON
CO
Item 1. (a). Name of Issuer: Avid Technology, Inc.
(b). Address of Issuer's Principal Executive Offices:
Avid Technology Park
One Park West
Tewksbury, MA 01876
U.S.A.
Item 2. (a). Name of Person Filing:
Bluewater Investment Management Inc.
(b). Address of Principal Business Office or, if none, Residence:
Suite 1502, Box 63
150 King Street West
Toronto, Ontario
Canada
M5H 1J9
(c). Citizenship or Place of Organization:
Organized in Toronto, Ontario, Canada
(d). Title of Class of Securities: Common Stock
(e). CUSIP Number: 05367P100
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d02(b)
or (c), 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] An investment adviser in accordance with Rule 13
13d-1(b)(1)(ii)(E)
(f)[ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F)
(g)[ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G)
(h)[ ] A savings associations as defined in Section 3(b) of
the Federal Deposit Insurance Act
(i)[ ] A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act
(j)[ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
If this statement if filed pursuant to Rule 13d-1(c), check this box. [ ]
Item 4. Ownership.
(a). Amount beneficially owned:
2,115,592
(b). Percent of class:
5.02%
(c). Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 2,115,592
(ii) Shared power to vote or to direct the vote: Nil
(iii)Sole power to dispose or to direct the disposition of: 2,115,592
(iv) Shared power to dispose or to direct the disposition of: Nil
Item 5. Ownership of Five Percent or Less of a Class
N/A
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person
N/A
Item 7. Identification and Classification of Subsidiary which
Acquired the Security Being Reported on By the Parent
Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification:
(a) The following certification shall be included if the statement is
filed pursuant to 240.13d-1(b):
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and
are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
(b) The following certification shall be included if the statement is
filed pursuant to 240.13d-1(c):
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
SIGNATURES
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.
Date: May 4, 2006
Signature: /s/ Dina DeGeer
-----------------------------------
Name/Title: Dina DeGeer