+ Watch AVID
on My Watchlist
The Company develops, markets, sells and supports a range of software and hardware products for the production, management and distribution of digital media content.
Avid had serious cash-flow issues late in 2Q 2012, leading to selling off several key brands at fire-sale prices to raise cash. Avid has "focused" on professional audio and video production--but has inflamed the professional musician community by laying off the entire development team of one of their most profitable units, Sibelius Software. Avid sacked CEO Gary Greenfield in early February--and announced in late February (the day before the scheduled release of FY 2012 results) that Avid was going to miss reporting, and would take an unspecified amount of time to "evaluate" how they had accounted for things like software defects and product liability. The company has been characterized by repeated re-organization plans, and repeated layoffs of high-dollar tech employees--but is in a high-tech business. Too many MBAs, not enough engineers or musicians--they're not a good investment.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions