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October 23, 2008

Ouch for Avid

Please note, this blog has been archived and now lives at www.discretecosine.com

Wow, earlier today I suggested Avid as one of the companies Apple could buy with its wad of cash. Avid just announced their quarterly results, with a drop in earnings compared to the year ago period and a 10x increase in their net loss.

Also announced is a plan to sell Softimage, and a workforce reduction (edit: about 410 people or roughly 15% of the company).

Posted by at October 23, 2008 3:36 PM | News