Saturday, March 2, 2013

[Avid-L2] Re: Fing Harding Piece of S^$##^* Does someone in LA have a Harding

 

So a few people had PSE episodes and subsequently they were able to figure out the exact red patterning that caused the episodes? In the reported cases were they able to determine the exact moment the PSE was induced? Red patterning sounds like a pretty broad statement.
Given the enormous amount of color, brightness and contrast variance in consumer monitors what's red on one monitor will be a different red on another. How does the surrounding environment effect the chance for PSE to be induced? What makes these "Red Patternings" or other aspects of the image unique to Television broadcast? Don't they occur in nature also? And are the same evaluations done to theatrical films? I'm not expecting you guys to know all the answers but these are the questions that come to mind for me. It just has the ring of, oh well that didn't quite work so now I'll try this. I'm clearly skeptical of trying to make a relatively exact science of something that seems hard to clearly define. I can't imagine they went back and made the people who had seizures watch the show again to see if they can pin point the problem, that would be inhuman.

--- In Avid-L2@yahoogroups.com, Tony Quinsee-Jover wrote:
>
> About 9 months ago a programme that had passed Harding went on to trigger some PSE episodes. I believe it was a specific type of red patterning. A new algorithm was developed to catch it and a software update was released to all licensed Harding facilities.
>
> Tony
>
> Sent by magic over t'interweb
>
>
> On 1 Mar 2013, at 07:41, Pat Horridge wrote:
>
> > ... I believe there was a case if an issue with a Harding passed program and I believe the Harding checks have been Harding "modified"...
>

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Posted by Video Geek Squad at 10:44 PM 0 comments

[Avid-L2] Re: Fing Harding Piece of S^$##^* Does someone in LA have a Harding

 

No I think all the ambulance chasers are focusing on Avid now. When the first sharks start chomping others join in and you know FRENZY!!!!

--- In Avid-L2@yahoogroups.com, "Tony Quinsee-Jover" wrote:
>
> Sounds like a potential revenue stream for an enterprising law firm....
>
> -----Original Message-----
> From: Avid-L2@yahoogroups.com [mailto:Avid-L2@yahoogroups.com] On Behalf Of
> electropura212
> Sent: 01 March 2013 13:28
> To: Avid-L2@yahoogroups.com
> Subject: Re: [Avid-L2] Re: Fing Harding Piece of S^$##^* Does someone in LA
> have a Harding
>
> Not trying to trivialize the plight of those afflicted with epilepsy, but
> the USA is a country of over 350 million people and has more ambulance
> chasing lawyers per capita than any nation on earth, and I have never heard
> of a single case happening here..
>

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Posted by Video Geek Squad at 10:18 PM 0 comments

[Avid-L2] Restoring a new iMac quite the wait?

 

Setting up a new iMac and I wanted to keep the log in simple but I realized after the initial name and password I gave the computer I wanted the name and the password to be the same.  I'm not worried about security at home so I went to set up a new user with the name that matched the password I already used.  I get errors about the name already being in use.  Oh well I'm sure someone knows how to rework that but I figured I should take the opportunity to test out the new OS Restore feature.  Or should I say the new curse.  I started it and it's telling me the restore is going to take 7 hours and 41 minutes.  WTF?  I am supposed to get up to 3Mbps and I just ran a speed test that came in at 1.7Mbps but the OS restore is going so I figure that's probably taking up some of the bandwidth.  At any rate almost 8 hours to restore the OS!!  This seems ridiculous.  I haven't done much googling on this but I didn't find any cheats like the script for OS
10.7 that allowed the OS update to be stored on a flash drive.  Does anyone know of such a beast for 10.8.2 which is what this new iMac 21inch came with?  The lack of the ability to have an OS restore/emergency disk or even partition that doesn't require a download of such extreme length is inconceivable to me, but what do I know.  If the system wasn't brand new out of the box I'd definitely see how I could delete the errant user name I created and get the name to match the password I want but for the sake of experience I'm going to let this thing run it's course.  Perhaps the time estimate will change along the way but right now I'm shocked.

John Moore

Barking Trout Productions

Studio City, CA

bigfish@pacbell.net

[Non-text portions of this message have been removed]

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Posted by Video Geek Squad at 9:55 PM 0 comments

[Avid-L2] Re: Avid needs to become a PRIVATE company!

 
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Posted by Video Geek Squad at 8:45 PM 0 comments

[Avid-L2] Re: Avid needs to become a PRIVATE company!

 

I asked this exact same question over on the Creative Cow FCP-X forum. Here's the thread.

Conclusion: Yes, but not without some hoops to jump through.

http://forums.creativecow.net/thread/335/48286

mark

--- In Avid-L2@yahoogroups.com, Andi Meek wrote:
>
>
> Does anyone have any experience using Premiere/FCPX in a very collaborative environment eg. more than ten editors working on the same project/media at the same time? The sort of thing you may see in large reality tv scenarios or content heavy tv shows? I always worry that if Avid ever went under, the large operations would struggle to find something as seemless as MC with an ISIS etc. I'd like to know if anyone else is up to the job in terms of being stable in a very large operation, everyone I seem to read singing the praises of FCP X or Premiere seems to be working on smaller scale productions which is fine but how do those products scale up?
>
> Andi
>
> To: Avid-L2@yahoogroups.com
> From: Ben@...
> Date: Sat, 2 Mar 2013 09:32:48 -0800
> Subject: Re: [Avid-L2] Avid needs to become a PRIVATE company!
>
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> On Mar 2, 2013, at 9:26 AM, bouke wrote:
>
>
>
> > ----- Original Message -----
>
> > From: "Benjamin Hershleder" Ben@...>
>
> > > Hmmm. maybe Adobe can buy Media Composer/Symphony? Might be a good thing.
>
> >
>
> > Be careful what you wish for. Adobe has shown in the past to buy stuff and
>
> > kill it, in favour of other (not necessarily better) products.
>
> >
>
>
>
> I take it back! ;)
>
>
>
> I was just imagining Avid MC/Symphony with the same interop
>
> with the Adobe apps and some of the positive things from Premiere added in.
>
>
>
> B
>
>
>
> >
>
> > > > On Mar 2, 2013, at 10:55 AM, "jeffsengpiehl" jeffsengpiehl@...>
>
> > > > wrote:
>
> > > >
>
> > > >> Avid needs to become a PRIVATE company, and back to the business of
>
> > > >> making US happy, not investors or analysts. You know.. the CORE
>
> > > >> Business.
>
> >
>
> > Well, there are European users too you know :-)
>
> >
>
> > Bouke
>
> >
>
> > VideoToolShed
>
> > van Oldenbarneveltstraat 33
>
> > 6512 AS NIJMEGEN
>
> > The Netherlands
>
> > +31 24 3553311
>
> > www.videotoolshed.com
>
> >
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Posted by Video Geek Squad at 6:26 PM 0 comments

Re: [Avid-L2] Avid needs to become a PRIVATE company!

 

adobe everywhere. Oh yeah that will be great. ;) Outsource everything to India.
blech.

Sent from my iPhone

On Mar 2, 2013, at 1:19 PM, Robert Ferguson robertf@vinofan.com> wrote:

> Adobe is not quite there yet, but soon will be.
>
> http://tv.adobe.com/watch/adobe-anywhere/introducing-adobe-anywhere-for-video/
>
> http://www.adobe.com/products/adobeanywhere.html
>
> Obviously it will take some time to prove itself, but based on Adobe's experience with collaboration in the still images arena, I think they will succeed.
>
> The idea of having what is essentially a centralized render farm doing all the work and just sending a single stream to the clients for viewing is potentially huge for people who work from multiple locations.
>
> Most of my clients store their media on a SAN at work, and need to mirror their media to portable drives when the need to work from home. Not having to do this would be huge.
>
> Robert Ferguson
>
> On Mar 2, 2013, at 11:53 AM, Andi Meek wrote:
>
> >
> > Does anyone have any experience using Premiere/FCPX in a very collaborative environment eg. more than ten editors working on the same project/media at the same time? The sort of thing you may see in large reality tv scenarios or content heavy tv shows? I always worry that if Avid ever went under, the large operations would struggle to find something as seemless as MC with an ISIS etc. I'd like to know if anyone else is up to the job in terms of being stable in a very large operation, everyone I seem to read singing the praises of FCP X or Premiere seems to be working on smaller scale productions which is fine but how do those products scale up?
> >
> > Andi
> >
> > To: Avid-L2@yahoogroups.com
> > From: Ben@ContactBen.com
> > Date: Sat, 2 Mar 2013 09:32:48 -0800
> > Subject: Re: [Avid-L2] Avid needs to become a PRIVATE company!
> >
> >
> >
> >
> >
> >
> >
> >
> >
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> >
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> >
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> >
> >
> >
> >
> >
> >
> > On Mar 2, 2013, at 9:26 AM, bouke wrote:
> >
> >
> >
> >> ----- Original Message -----
> >
> >> From: "Benjamin Hershleder" Ben@ContactBen.com>
> >
> >>> Hmmm. maybe Adobe can buy Media Composer/Symphony? Might be a good thing.
> >
> >>
> >
> >> Be careful what you wish for. Adobe has shown in the past to buy stuff and
> >
> >> kill it, in favour of other (not necessarily better) products.
> >
> >>
> >
> >
> >
> > I take it back! ;)
> >
> >
> >
> > I was just imagining Avid MC/Symphony with the same interop
> >
> > with the Adobe apps and some of the positive things from Premiere added in.
> >
> >
> >
> > B
> >
> >
> >
> >>
> >
> >>>> On Mar 2, 2013, at 10:55 AM, "jeffsengpiehl" jeffsengpiehl@yahoo.com>
> >
> >>>> wrote:
> >
> >>>>
> >
> >>>>> Avid needs to become a PRIVATE company, and back to the business of
> >
> >>>>> making US happy, not investors or analysts. You know.. the CORE
> >
> >>>>> Business.
> >
> >>
> >
> >> Well, there are European users too you know :-)
> >
> >>
> >
> >> Bouke
> >
> >>
> >
> >> VideoToolShed
> >
> >> van Oldenbarneveltstraat 33
> >
> >> 6512 AS NIJMEGEN
> >
> >> The Netherlands
> >
> >> +31 24 3553311
> >
> >> www.videotoolshed.com
> >
> >>
> >
> >
> >
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> >
> >
> >
> > ------------------------------------
> >
> > Search the official Complete Avid-L archives at: http://archives.bengrosser.com/avid/
> > Yahoo! Groups Links
> >
> >
> >
>
>

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Posted by Video Geek Squad at 11:58 AM 0 comments

Re: [Avid-L2] Avid needs to become a PRIVATE company!

 

I've been using CS5.5 more than Avid for about a year now. The time
savings in being able to background export is huge when dealing with
cheap event jobs, and even when dealing with low budget corporate.

MUCH more rendering then on my Avid though - but I don't have the latest
video card.

Mark

Owner, Director
SR Film & Video Productions
195 W Broad St
Salunga PA 17538
717-393-5333 ex 142
www.SR-Pro.com http://www.sr-pro.com>

Follow us on Facebook
http://www.facebook.com/pages/Salunga-PA/SR-Film-Video-Productions/132001820445>
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Twitter http://twitter.com/SRProductions>
On 3/2/2013 12:12 PM, Benjamin Hershleder wrote:
> The Adobe cloud set-up is pretty great.
> Photoshop CS6 with 3D is really good (though the 3D still needs some work... and/or I need a tutorial!), and there are improvements to After Effects that make it worth it in my book too. Plus Acrobat Pro . . . And of course Premiere -- though I just fired it up in earnest for the first time the other day and found myself hoping Avid would borrow from it in some areas, but overall being very happy to be cutting with Media Composer. Hmmm... maybe Adobe can buy Media Composer/Symphony? Might be a good thing.
>
> B
> ----
> Benjamin Hershleder
> Book: http://tinyurl.com/avidmc-book
> Site: http://ContactBen.com
>
> Wear It In Post!
> Fun T-shirts, mousepads, mugs & more
> for Post Production Professionals
> http://www.WearItInPost.com
>
>
> On Mar 2, 2013, at 8:49 AM, Greg Huson wrote:
>
>> I finally cracked and shelled out the $30 for creative cloud. I don't know about PP, but media encoder is worth the price of admission alone. New ps and ae nice, too.
>>
>> ________________________
>> Greg Huson
>> Secret Headquarters, Inc
>> Greg (at) SecretHQ.com
>> www.SecretHQ.com
>> DigitalServicsStation.com
>>
>> On Mar 2, 2013, at 8:39 AM, op owen@thenowcorporation.com> wrote:
>>
>>> Damn! actually considering taking the time to learn Premiere pro.
>>> it's a shame because MC 6.5..2 or .3 whatever the latest is , is real good!
>>>
>>> Owen
>>>
>>>
>>>
>>> On Mar 2, 2013, at 10:55 AM, "jeffsengpiehl" jeffsengpiehl@yahoo.com> wrote:
>>>
>>>> Avid needs to become a PRIVATE company, and back to the business of making US happy, not investors or analysts. You know.. the CORE Business.
>>>>
>>>> http://www.thestreet.com/story/11855534/1/the-five-dumbest-things-on-wall-street-this-week-march-1.html?puc=yahoo&cm_ven=YAHOO
>>>>
>>>> 5.) Avid Cuts Out
>>>>
>>>> For a company that designs products to help editors, Avid Technology (AVID_) sure is having a tough time cutting the crap.
>>>>
>>>> See if (MSO) is in our portfolio
>>>>
>>>> Shares of Avid got eviscerated Monday, falling almost 9%, after the company postponed its fourth quarter earnings announcement originally scheduled for Tuesday due to accounting questions. Avid said it was investigating current and historical accounting treatment "related to bug fixes, upgrades and enhancements to certain products which the company has provided to certain customers."
>>>>
>>>> Avid added that its need to reopen its books arose during the company's "normal review" of its financial results for the fourth quarter and full year 2012. Prior to Avid's indefinite earnings deferral, analysts expected the company to post fourth-quarter earnings of 12 cents per share.
>>>>
>>>> Um, excuse us guys, but is that the same quote unquote normal review which led to the sudden resignation of your former CEO, chairman and president Gary Greenfield last month? We honestly couldn't tell from the SEC filing.
>>>>
>>>> Well, to be precise, Greenfield is not so much quitting the company as opposed to kicking himself upstairs where he will get paid the same ridiculous $1 million salary for doing even less work. Shares of Avid now trade below $7 a share, or about a quarter of what they were when Greenfield joined the company in December 2007.
>>>>
>>>> Still, we were wondering at the time why Gary gave up his position without a decent explanation, so perhaps now we know.
>>>>
>>>> Or perhaps we don't. We have no idea what to believe from these folks. And we can only imagine that the "certain customers" Avid refers to in its press release have even more questions than us.
>>>>
>>>> That said, to be fair, there are announcements that we can trust from Avid without reservation. Check out the sheer drops in the company's stock nearly every quarter last year and you'll see what they are.
>>>>
>>>> Yep. Negative earnings pre-announcements.
>
> [Non-text portions of this message have been removed]
>
>
>
> ------------------------------------
>
> Search the official Complete Avid-L archives at: http://archives.bengrosser.com/avid/
> Yahoo! Groups Links
>
>
>

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Posted by Video Geek Squad at 11:01 AM 0 comments

Re: [Avid-L2] Avid needs to become a PRIVATE company!

 

Adobe is not quite there yet, but soon will be.

http://tv.adobe.com/watch/adobe-anywhere/introducing-adobe-anywhere-for-video/

http://www.adobe.com/products/adobeanywhere.html

Obviously it will take some time to prove itself, but based on Adobe's experience with collaboration in the still images arena, I think they will succeed.

The idea of having what is essentially a centralized render farm doing all the work and just sending a single stream to the clients for viewing is potentially huge for people who work from multiple locations.

Most of my clients store their media on a SAN at work, and need to mirror their media to portable drives when the need to work from home. Not having to do this would be huge.

Robert Ferguson

On Mar 2, 2013, at 11:53 AM, Andi Meek wrote:

>
> Does anyone have any experience using Premiere/FCPX in a very collaborative environment eg. more than ten editors working on the same project/media at the same time? The sort of thing you may see in large reality tv scenarios or content heavy tv shows? I always worry that if Avid ever went under, the large operations would struggle to find something as seemless as MC with an ISIS etc. I'd like to know if anyone else is up to the job in terms of being stable in a very large operation, everyone I seem to read singing the praises of FCP X or Premiere seems to be working on smaller scale productions which is fine but how do those products scale up?
>
> Andi
>
> To: Avid-L2@yahoogroups.com
> From: Ben@ContactBen.com
> Date: Sat, 2 Mar 2013 09:32:48 -0800
> Subject: Re: [Avid-L2] Avid needs to become a PRIVATE company!
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
> On Mar 2, 2013, at 9:26 AM, bouke wrote:
>
>
>
>> ----- Original Message -----
>
>> From: "Benjamin Hershleder" Ben@ContactBen.com>
>
>>> Hmmm. maybe Adobe can buy Media Composer/Symphony? Might be a good thing.
>
>>
>
>> Be careful what you wish for. Adobe has shown in the past to buy stuff and
>
>> kill it, in favour of other (not necessarily better) products.
>
>>
>
>
>
> I take it back! ;)
>
>
>
> I was just imagining Avid MC/Symphony with the same interop
>
> with the Adobe apps and some of the positive things from Premiere added in.
>
>
>
> B
>
>
>
>>
>
>>>> On Mar 2, 2013, at 10:55 AM, "jeffsengpiehl" jeffsengpiehl@yahoo.com>
>
>>>> wrote:
>
>>>>
>
>>>>> Avid needs to become a PRIVATE company, and back to the business of
>
>>>>> making US happy, not investors or analysts. You know.. the CORE
>
>>>>> Business.
>
>>
>
>> Well, there are European users too you know :-)
>
>>
>
>> Bouke
>
>>
>
>> VideoToolShed
>
>> van Oldenbarneveltstraat 33
>
>> 6512 AS NIJMEGEN
>
>> The Netherlands
>
>> +31 24 3553311
>
>> www.videotoolshed.com
>
>>
>
>
>
> [Non-text portions of this message have been removed]
>
>
>
>
>
>
>
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>
>
>
>
>
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>
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>
> [Non-text portions of this message have been removed]
>
>
>
> ------------------------------------
>
> Search the official Complete Avid-L archives at: http://archives.bengrosser.com/avid/
> Yahoo! Groups Links
>
>
>

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Posted by Video Geek Squad at 10:19 AM 0 comments

RE: [Avid-L2] Avid needs to become a PRIVATE company!

Does anyone have any experience using Premiere/FCPX in a very collaborative environment eg. more than ten editors working on the same project/media at the same time? The sort of thing you may see in large reality tv scenarios or content heavy tv shows? I always worry that if Avid ever went under, the large operations would struggle to find something as seemless as MC with an ISIS etc. I'd like to know if anyone else is up to the job in terms of being stable in a very large operation, everyone I seem to read singing the praises of FCP X or Premiere seems to be working on smaller scale productions which is fine but how do those products scale up?

Andi

To: Avid-L2@yahoogroups.com
From: Ben@ContactBen.com
Date: Sat, 2 Mar 2013 09:32:48 -0800
Subject: Re: [Avid-L2] Avid needs to become a PRIVATE company!




























On Mar 2, 2013, at 9:26 AM, bouke wrote:



> ----- Original Message -----

> From: "Benjamin Hershleder" Ben@ContactBen.com>

> > Hmmm. maybe Adobe can buy Media Composer/Symphony? Might be a good thing.

>

> Be careful what you wish for. Adobe has shown in the past to buy stuff and

> kill it, in favour of other (not necessarily better) products.

>



I take it back! ;)



I was just imagining Avid MC/Symphony with the same interop

with the Adobe apps and some of the positive things from Premiere added in.



B



>

> > > On Mar 2, 2013, at 10:55 AM, "jeffsengpiehl" jeffsengpiehl@yahoo.com>

> > > wrote:

> > >

> > >> Avid needs to become a PRIVATE company, and back to the business of

> > >> making US happy, not investors or analysts. You know.. the CORE

> > >> Business.

>

> Well, there are European users too you know :-)

>

> Bouke

>

> VideoToolShed

> van Oldenbarneveltstraat 33

> 6512 AS NIJMEGEN

> The Netherlands

> +31 24 3553311

> www.videotoolshed.com

>



[Non-text portions of this message have been removed]


















[Non-text portions of this message have been removed]



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Posted by Video Geek Squad at 9:53 AM 0 comments

Re: [Avid-L2] Avid needs to become a PRIVATE company!

 


On Mar 2, 2013, at 9:26 AM, bouke wrote:

> ----- Original Message -----
> From: "Benjamin Hershleder" Ben@ContactBen.com>
> > Hmmm. maybe Adobe can buy Media Composer/Symphony? Might be a good thing.
>
> Be careful what you wish for. Adobe has shown in the past to buy stuff and
> kill it, in favour of other (not necessarily better) products.
>

I take it back! ;)

I was just imagining Avid MC/Symphony with the same interop
with the Adobe apps and some of the positive things from Premiere added in.

B

>
> > > On Mar 2, 2013, at 10:55 AM, "jeffsengpiehl" jeffsengpiehl@yahoo.com>
> > > wrote:
> > >
> > >> Avid needs to become a PRIVATE company, and back to the business of
> > >> making US happy, not investors or analysts. You know.. the CORE
> > >> Business.
>
> Well, there are European users too you know :-)
>
> Bouke
>
> VideoToolShed
> van Oldenbarneveltstraat 33
> 6512 AS NIJMEGEN
> The Netherlands
> +31 24 3553311
> www.videotoolshed.com
>

[Non-text portions of this message have been removed]

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Posted by Video Geek Squad at 9:32 AM 0 comments

Re: [Avid-L2] Avid needs to become a PRIVATE company!

 

----- Original Message -----
From: "Benjamin Hershleder" Ben@ContactBen.com>
> Hmmm. maybe Adobe can buy Media Composer/Symphony? Might be a good thing.

Be careful what you wish for. Adobe has shown in the past to buy stuff and
kill it, in favour of other (not necessarily better) products.

> > On Mar 2, 2013, at 10:55 AM, "jeffsengpiehl" jeffsengpiehl@yahoo.com>
> > wrote:
> >
> >> Avid needs to become a PRIVATE company, and back to the business of
> >> making US happy, not investors or analysts. You know.. the CORE
> >> Business.

Well, there are European users too you know :-)

Bouke

VideoToolShed
van Oldenbarneveltstraat 33
6512 AS NIJMEGEN
The Netherlands
+31 24 3553311
www.videotoolshed.com

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Posted by Video Geek Squad at 9:26 AM 0 comments

Re: [Avid-L2] Avid needs to become a PRIVATE company!

The Adobe cloud set-up is pretty great.
Photoshop CS6 with 3D is really good (though the 3D still needs some work… and/or I need a tutorial!), and there are improvements to After Effects that make it worth it in my book too. Plus Acrobat Pro . . . And of course Premiere -- though I just fired it up in earnest for the first time the other day and found myself hoping Avid would borrow from it in some areas, but overall being very happy to be cutting with Media Composer. Hmmm… maybe Adobe can buy Media Composer/Symphony? Might be a good thing.

B
>

----
Benjamin Hershleder
Book: http://tinyurl.com/avidmc-book
Site: http://ContactBen.com

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On Mar 2, 2013, at 8:49 AM, Greg Huson wrote:

> I finally cracked and shelled out the $30 for creative cloud. I don't know about PP, but media encoder is worth the price of admission alone. New ps and ae nice, too.
>
> ________________________
> Greg Huson
> Secret Headquarters, Inc
> Greg (at) SecretHQ.com
> www.SecretHQ.com
> DigitalServicsStation.com
>
> On Mar 2, 2013, at 8:39 AM, op owen@thenowcorporation.com> wrote:
>
> > Damn! actually considering taking the time to learn Premiere pro.
> > it's a shame because MC 6.5..2 or .3 whatever the latest is , is real good!
> >
> > Owen
> >
> >
> >
> > On Mar 2, 2013, at 10:55 AM, "jeffsengpiehl" jeffsengpiehl@yahoo.com> wrote:
> >
> >> Avid needs to become a PRIVATE company, and back to the business of making US happy, not investors or analysts. You know.. the CORE Business.
> >>
> >> http://www.thestreet.com/story/11855534/1/the-five-dumbest-things-on-wall-street-this-week-march-1.html?puc=yahoo&cm_ven=YAHOO
> >>
> >> 5.) Avid Cuts Out
> >>
> >> For a company that designs products to help editors, Avid Technology (AVID_) sure is having a tough time cutting the crap.
> >>
> >> See if (MSO) is in our portfolio
> >>
> >> Shares of Avid got eviscerated Monday, falling almost 9%, after the company postponed its fourth quarter earnings announcement originally scheduled for Tuesday due to accounting questions. Avid said it was investigating current and historical accounting treatment "related to bug fixes, upgrades and enhancements to certain products which the company has provided to certain customers."
> >>
> >> Avid added that its need to reopen its books arose during the company's "normal review" of its financial results for the fourth quarter and full year 2012. Prior to Avid's indefinite earnings deferral, analysts expected the company to post fourth-quarter earnings of 12 cents per share.
> >>
> >> Um, excuse us guys, but is that the same quote unquote normal review which led to the sudden resignation of your former CEO, chairman and president Gary Greenfield last month? We honestly couldn't tell from the SEC filing.
> >>
> >> Well, to be precise, Greenfield is not so much quitting the company as opposed to kicking himself upstairs where he will get paid the same ridiculous $1 million salary for doing even less work. Shares of Avid now trade below $7 a share, or about a quarter of what they were when Greenfield joined the company in December 2007.
> >>
> >> Still, we were wondering at the time why Gary gave up his position without a decent explanation, so perhaps now we know.
> >>
> >> Or perhaps we don't. We have no idea what to believe from these folks. And we can only imagine that the "certain customers" Avid refers to in its press release have even more questions than us.
> >>
> >> That said, to be fair, there are announcements that we can trust from Avid without reservation. Check out the sheer drops in the company's stock nearly every quarter last year and you'll see what they are.
> >>
> >> Yep. Negative earnings pre-announcements.
> >


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Posted by Video Geek Squad at 9:12 AM 0 comments
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