narcoman wrote:avid are cash focused and looking at exit strategies for the top brass....
Depends what you mean by the top brass. The CEO and his crew are pretty interchangeable. The owners want to get their money's worth and that will be within the incredible collection of IP and how one realises the value of that IP.
The problems are that Avid is losing market share in a market that is declining anyway.
For the quarter ended June 30 (Q2), Avid missed expectations on earnings per share. Compared to the prior-year quarter, revenue shrank slightly and loss per share increased. Gross margins shrank and net margins shrank. Avid Technology reported revenue of $157.4 million. Sales were 2.4% lower than the prior-year quarter's $161.3 million.
It is caught between giants Adobe and Apple on the one side and small and agile companies like Cockos and Prosonus on the other, with the budget market for media creation slipping out of their hands and the pro market going into hands that are using disruptive technology - and that SUCs, i.e. they are using packages that are Small, Unimportant and Cheap.