
a member of the compensation committee. Prior to joining IGT, Hart served as chairman and chief executive officer of Pinnacle Systems from 2004 to 2005 and as chairman and chief executive officer of Excite@Home from 2001 to 2002. Although IGT gave no
reputation for excellent products, Avid has repeatedly stumbled during major product upgrades and struggled to integrate Pinnacle Systems , a consumer video-editing company. This has created headaches for management and presented an opportunity for rivals
disseminated on April 12. During Q&A, CEO David Krall admitted to multiple headaches resulting from the acquisition of rival Pinnacle Systems , including salesforce troubles that impacted broadcast hardware sales and inexcusable quality-control issues that resulted
term guidance and our more conservative outlook for the software and products it acquired through the purchase of rival Pinnacle Systems . Even with this steep reduction in our fair value estimate, we believe Avid shares represent a compelling opportunity
primarily due to soft demand for its recently acquired Pinnacle Systems products, but also due to delays in broadcast installations ..... feel we have been overly optimistic, however, about the Pinnacle systems business. Avid cited lower demand for playout servers
slightly disappointing in terms of gross margin and working capital, primarily because of the ongoing absorption of the Pinnacle Systems business. We will take a deeper look at Thursday's numbers, but our first impression is that investors are once again
conference call, Avid Technology AVID managers provided the first detailed post-merger forecast for the combined Avid-Pinnacle PCLE business model. The call left out important pieces of information, including post-merger balance sheet and capital-spending
We're initially skeptical of Avid Technology's AVID acquisition of Pinnacle Systems PCLE , but we're not changing our fair value estimate for Avid until we learn more about the deal. Given that Avid is trading well
and his comanagers have lately been moving back into technology and other high-growth areas. For example, Pinnacle Systems pcle , which makes hardware and software for video editing, attracted Crane after beating quarterly earnings expectations