Avid Technology, Inc. (NASDAQ:AVID) will release the third quarter earnings for 2009 on Thursday, October 22. A conference call will be held at 4:30 pm ET to discuss the financial results. Interested parties may hear a webcast of the presentation at ir.avid.com/index.cfm.
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Avid Technology Inc. is a provider of digital media content-creation solutions for film, video, audio and broadcast professionals, as well as artists and home enthusiasts. The Company provides a range of software and hardware solutions, as well as services offerings, to address the needs, skills and sophistication levels found within the customer market segments. The Company operates in three business segments: Professional Video, Audio and Consumer Audio. During the year ended December 31, 2008, the Company divested the Softimage 3D animation product line, which was reported as part of the Professional Video segment prior to the divestiture. In 2008, the Company divested the personal computer television (PCTV) product line, which enables the users to view television programming on a personal computer.
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