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SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 		 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BLUM CAPITAL PARTNERS LP
(Last) (First) (Middle)
909 MONTGOMERY STREET
SUITE 400
(Street)
SAN FRANCISCO CA 94133
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AVID TECHNOLOGY INC [ AVID ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/21/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/21/2006 P 400 A $32.57 66,800 I(1) (1)
Common Stock 07/21/2006 P 1,100 A $32.63 67,900 I(1) (1)
Common Stock 07/21/2006 P 400 A $32.57 66,800 I(2) (2)
Common Stock 07/21/2006 P 1,100 A $32.63 67,900 I(2) (2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
BLUM CAPITAL PARTNERS LP
(Last) (First) (Middle)
909 MONTGOMERY STREET
SUITE 400
(Street)
SAN FRANCISCO CA 94133
(City) (State) (Zip)
1. Name and Address of Reporting Person*
RICHARD C BLUM & ASSOCIATES INC
(Last) (First) (Middle)
909 MONTGOMERY STREET
SUITE 400
(Street)
SAN FRANCISCO CA 94133
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Blum Strategic GP III, L.L.C.
(Last) (First) (Middle)
909 MONTGOMERY STREET
SUITE 400
(Street)
SAN FRANCISCO CA 94133
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Saddlepoint Partners GP, L.L.C.
(Last) (First) (Middle)
909 MONTGOMERY STREET
SUITE 400
(Street)
SAN FRANCISCO CA 94133
(City) (State) (Zip)
Explanation of Responses:
1. These shares are owned directly by the Virginia Electric and Power Company Qualified Nuclear Decommissioning Trust ("Virginia Electric"). Virginia Electric disclaims membership in a group with any of the Reporting Persons and therefore is not subject to Section 16. Blum LP, a registered investment advisor, has voting and investment discretion with respect to the shares owned by Virginia Electric, but no Reporting Person has a reportable pecuniary interest in any of the shares owned by Virginia Electric.
2. These shares are owned directly by The Nuclear Decommissioning Trust of Dominion Nuclear Connecticut, Inc. ("Dominion Connecticut"). Dominion Connecticut disclaims membership in a group with any of the Reporting Persons and therefore is not subject to Section 16. Blum LP, a registered investment advisor, has voting and investment discretion with respect to the shares owned by Dominion Connecticut, but no Reporting Person has a reportable pecuniary interest in any of the shares owned by Dominion Connecticut.
Remarks:
This Form 4 is part two of two being filed for transactions on July 21 and 24, 2006.
See Attached Signature Page 07/25/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
                              EXHIBIT 99
                        Joint Filer Information

Designated Filer:              BLUM CAPITAL PARTNERS, L.P.
Statement for Month/Day/Year:  July 21 and 24, 2006
Issuer & Symbol:               Avid Technology, Inc. (AVID)
Address of each Reporting Person for this Form 4:
   909 Montgomery Street, Suite 400, San Francisco, CA  94133
Relationship to Issuer of each Reporting Person:  10% Owner

Signatures

After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth
in this statement is true, complete and correct.

July 25, 2006

RICHARD C. BLUM & ASSOCIATES, INC.      BLUM CAPITAL PARTNERS, L.P.
                                        By: Richard C. Blum & Associates, Inc.,
                                            its general partner

By:  /s/ Gregory D. Hitchan             By: /s/ Gregory D. Hitchan
     -----------------------              -------------------------
     Gregory D. Hitchan                    Gregory D. Hitchan
     Partner, General Counsel and          Partner, General Counsel and
     Secretary                             Secretary


BK CAPITAL PARTNERS IV, L.P.
STINSON CAPITAL PARTNERS, L.P.
STINSON CAPITAL PARTNERS II, L.P.
STINSON CAPITAL PARTNERS (QP), L.P.
STINSON CAPITAL PARTNERS A, L.P
STINSON CAPITAL PARTNERS D, L.P
STINSON CAPITAL PARTNERS M, L.P.        STINSON CAPITAL FUND (CAYMAN), LTD.



By: BLUM CAPITAL PARTNERS, L.P.,        By: BLUM CAPITAL PARTNERS, L.P.,
    its general partner                     its investment advisor
By: Richard C. Blum & Associates, Inc., By: Richard C. Blum & Associates, Inc.,
     its general partner                      its general partner



By:  /s/ Gregory D. Hitchan             By:  /s/ Gregory D. Hitchan
    ------------------------                 -----------------------
     Gregory D. Hitchan                      Gregory D. Hitchan
     Partner, General Counsel and            Partner, General Counsel and
     Secretary                               Secretary







                             EXHIBIT 99
                    Joint Filer Information (cont.)


Designated Filer:              BLUM CAPITAL PARTNERS, L.P.
Statement for Month/Day/Year:  July 21 and 24, 2006
Issuer & Symbol:               Avid Technology, Inc. (AVID)
Address of each Reporting Person for this Form 4:
    909 Montgomery Street, Suite 400, San Francisco, CA  94133
Relationship to Issuer of each Reporting Person:  10% Owner




BLUM STRATEGIC GP III, L.L.C.    BLUM STRATEGIC PARTNERS III, L.P.
                                 By:  BLUM STRATEGIC GP III, L.P.,
                                       its general partner
                                 By:  BLUM STRATEGIC GP III, L.L.C.,
                                       its general partner


By:  /s/ Gregory D. Hitchan      By:  /s/ Gregory D. Hitchan
   -------------------------       --------------------------------
   Gregory D. Hitchan,            Gregory D. Hitchan,
   Member and General Counsel     Member and General Counsel


SADDLEPOINT PARTNERS (Cayman), L.P.      SADDLEPOINT PARTNERS GP, L.L.C.
By:  SADDLEPOINT PARTNERS GP, L.L.C.,    By: BLUM CAPITAL PARTNERS, L.P.,
     its general partner                     its managing member
By: BLUM CAPITAL PARTNERS, L.P.,        By: Richard C. Blum & Associates, Inc.,
    its managing member                       its general partner
By: Richard C. Blum & Associates, Inc.,
     its general partner


By:  /s/ Gregory D. Hitchan             By:  /s/ Gregory D. Hitchan
   --------------------------               --------------------------
   Gregory D. Hitchan,                      Gregory D. Hitchan,
   Partner, General Counsel and             Partner, General Counsel and
   Secretary                                Secretary