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Avid Postpones its Fourth Quarter Earnings Release
Forward Looking Statements
This News Release contains forward-looking information that involves
risks and uncertainties, including statement about the Company's
anticipated plans, objectives, expectations and intentions. Such
statements include, without limitation, statements regarding the ongoing
evaluation of Avid's current and historical accounting treatment related
to bug fixes, upgrades and enhancements provided to certain customers
and the outcome and timing of such evaluation. These forward-looking
statements are subject to known and unknown risks and uncertainties that
could cause actual results to differ materially from those expressed or
implied by such statements, including but not limited to: the impact of
the announced postponement in Avid's earnings release; the material
weakness in Avid's internal control; recent changes in Avid's leadership
team; Avid's ability to execute its strategic plan and meet customer
needs; its ability to produce innovative products in response to
changing market demand, particularly in the media industry; risks
related to litigation; competitive factors; history of losses;
fluctuations in its revenue, based on, among other things, Avid's
performance in particular geographies or markets, fluctuations in
foreign currency exchange rates, and seasonal factors; adverse changes
in economic conditions; and Avid's liquidity. Moreover, the business may
be adversely affected by future legislative, regulatory, or tax changes
as well as other economic, business and/or competitive factors. The
risks included above are not exhaustive. Other factors that could
adversely affect the Company's business and prospects are described in
the filings made by the Company with the
About Avid
Avid creates the digital audio and video technology used to make the
most listened to, most watched and most loved media in the world — from
the most prestigious and award-winning feature films, music recordings,
television shows, to live concert tours and news broadcasts. Some of
Avid's most influential and pioneering solutions include Media
Composer®, Pro Tools®, Interplay®, ISIS®, VENUE, Sibelius®, and System
5. For more information about Avid solutions and services, visit www.avid.com,
connect with Avid on Facebook, Twitter,
© 2013
Media Contact
Avid
lisa.kilborn@avid.com
or
Investor
Contact
Avid
tom.fitzsimmons@avid.com
Source: Avid
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