This IS the Avid L2: [Avid-L2] Re: Staff cuts and selling the Consumer side

I've heard the layoffs were huge. Tim Claman, the CTO is out. What is a tech company without a CTO?

--- In Avid-L2@yahoogroups.com, RT <huipro@...> wrote:
>
> Someone on the list said this company needed to be "shaken - not
> stirred". I agree 100%. ;-)
>
> But I heard great things about the iPad editor.
>
>
> paul.hartel wrote:
>
> >
> >
> > Damn. "According to Monday's filing, Avid has agreed to sell both its
> > consumer audio and video-editing lines to two separate buyers, inMusic
> > of Cumberland, R.I., and Corel Corp. of Ottawa, Canada. Products
> > included in the deals are Avid's music production line of digital
> > keyboards, speaker systems and DJ equipment, among other audio-related
> > technologies, as well as its Avid Studio, Pinnacle Studio and Avid
> > Studio video-editing application made specifically for the i-Pad.
> >
> > Avid said its consumer businesses accounted for $91 million, or 13
> > percent, of its $677 million in 2011 revenue. The company expects to
> > incur a $19 million-to-$23 million restructuring charge related to the
> > sales."
> >
> > Selling it's iPad product? I hope to hell they hang in there. I do not
> > want to switch to Adobe Premiere.
> >
> > -- paul
> >
> > --- In Avid-L2@yahoogroups.com <mailto:Avid-L2%40yahoogroups.com>,
> > "Terence Curren" <tcurren@> wrote:
> > >
> > > I'd bet that Avid is still making money in the shared storage area.
> > They are moving a lot of Isis systems in LA. It's almost like they are
> > becoming a server company.... D'oh!
> > >
> > > --- In Avid-L2@yahoogroups.com <mailto:Avid-L2%40yahoogroups.com>,
> > "haus" <switthaus@> wrote:
> > > >
> > > >
> > > > One could see this coming for a long time. My feeling is that this
> > is just one in a series of big changes coming for Avid in the next
> > several months...something has got to give.
> > > >
> > > > sw
> > > > --- In Avid-L2@yahoogroups.com <mailto:Avid-L2%40yahoogroups.com>,
> > "Dave Spraker" <avid@> wrote:
> > > > >
> > > > > Oooops...
> > > > >
> > > > >
> > > > >
> > > > > Sorry about that. New mail client.
> > > > >
> > > > >
> > > > >
> > > > > - Dave
> > > > >
> > > > >
> > > > >
> > > > > _____
> > > > >
> > > > > From: Avid-L2@yahoogroups.com <mailto:Avid-L2%40yahoogroups.com>
> > [mailto:Avid-L2@yahoogroups.com <mailto:Avid-L2%40yahoogroups.com>] On
> > Behalf Of
> > > > > Jim Feeley
> > > > > Sent: Monday, July 02, 2012 1:34 PM
> > > > > To: Avid-L2@yahoogroups.com <mailto:Avid-L2%40yahoogroups.com>
> > > > > Subject: Re: [Avid-L2] Staff cuts and selling the Consumer side
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > Revenue vs profits? Considering all the hardware M-Audio moves,
> > I'll guess
> > > > > the margins are thinner than with software.
> > > > >
> > > > > Jim Feeley
> > > > > PS- Dave, can you change your email settings so your posts don't
> > show up
> > > > > with "Avid" in the "from" line? Or am I the only one seeing
> > Dave's posts
> > > > > that way?
> > > > >
> > > > > On Jul 2, 2012, at 1:28 PM, [Not Avid] wrote:
> > > > >
> > > > > > I don't read those things all the time but something seems
> > weird to me.
> > > > > > The consumer division brought in $91 million worth of revenue
> > last year
> > > > > and
> > > > > > they are selling it for $21 million - which is the charge they
> > will take
> > > > > > for selling it? Gotta be another sale coming...
> > > > > >
> > > > > > - Dave
> > > > > >
> > > > > > On Mon, Jul 2, 2012 at 12:08 PM, KBod <KMBodner@
> > > > > <mailto:KMBodner%40yahoo.com> > wrote:
> > > > > >
> > > > > >> **
> > > > > >>
> > > > > >>
> > > > > >> Just saw this:
> > > > > >>
> > > > > >>
> > > > >
> > http://www.nasdaq.com/article/avid-technology-to-sell-consumer-businesses-cu
> > > > > t-jobs-coo-to-step-down-20120702-00689
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > [Non-text portions of this message have been removed]
> > > > >
> > > >
> > >
> >
> >
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>
> [Non-text portions of this message have been removed]
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