Well, after spending 41 minutes watching the investors review it seems that Avid is fine tuning it's focus on the big guys. Avid Everywhere (formerly known as Interplay). And they are probably right in doing that as it's too hard to compete for the smaller shops, one man bands etc.
Some highlights for me of that video:
Avid hopes to be re-listed in Nasdaq sometime in 2014. At least get everything done that is needed to get listed.
Avid has been slow to adapt. Relied too much on heritage.
Avid needs to define who they are (finally).
Leaner operations
Buy Avid products now. The bigger the enterprise the more attention you will get.
Avid Everywhere 1.0 will be debuted just before NAB. Probably at Avid Connect (yawn)
Avid Customer Association is made up of broadcast bigwigs at the top, for the most part.
Mr. Hernandez hopes "thousands" of clients will come to Avid Connect (good revenue)
All in all this seemed to confirm my thoughts: Avid is shoring up it's traditional markets with Avid Everywhere (aka Interplay). It still has a lot of work to do to figure out it's books.
A posting on the COW related these numbers for Avid:
The net income has significantly decreased by 130.3% when compared to the same quarter one year ago, falling from -$7.55 million to -$17.39 million.
Net operating cash flow has significantly decreased to -$1.38 million or 1167.44% when compared to the same quarter last year.
This should be interesting to see play out.
__._,_.___
| Reply via web post | Reply to sender | Reply to group | Start a New Topic | Messages in this topic (168) |
.
__,_._,___
No comments:
Post a Comment