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Home > Company Index > Media > Movie, Television & Music Production Services & Products > Avid Technology, Inc.

Avid Technology, Inc.
Nasdaq: AVID
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 NEWS FROM THE WIRES
Avid to cut 8 pct of work force, take Q3 charge
Aug 01 2001 01:55 PM PDT

Avid reports Q2 loss, European video business weak
Jul 19 2001 01:49 PM PDT

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 NEWS FROM THE STANDARD
Getting to Know You
Nov 10 2000 12:00 AM PST

 PROFILE
Hollywood is ardent about Avid Technology. The company is the industry leader in digital editing systems used by the film, music, and television industries. Its products, including Film Composer, Symphony, and Avid Xpress, are used by film studios, postproduction facilities, and television stations, and have helped create such blockbusters as "Gladiator" and "The Perfect Storm." Its Digidesign unit markets the ProTools line of sound editing systems. Avid also makes animation design software, newsroom automation systems, and digital storage systems. More than 50% of sales come from outside North America. Software giant Microsoft has a 12% stake in the company.

 COMPETITION
Autodesk, Inc. (ADSK)
Matsushita Electric Industrial Co., Ltd. (MC)
Sony Corporation (SNE)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 476.10
1-Yr. Sales Growth: 5.2%
Employees: 1,629
Revenue per employee: $292,265.19

 KEY PEOPLE
• David A. Krall
    CEO
• Paul Milbury
    CFO

 CONTACT INFO
One Park West
Tewksbury, MA 01876
US
Phone: 978-640-6789
Fax: 978-640-1366
Online: Web Site

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