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February 25, 2013
08:11 EDTAVIDAvid Technology postpones Q4 earnings release
Avid announced that it is postponing its 4Q12 earnings release and investor conference call, previously scheduled for Tuesday, February 26, to provide additional time for the company to evaluate its current and historical accounting treatment related to bug fixes, upgrades and enhancements to certain products which the company has provided to certain customers. The need to evaluate the accounting treatment arose during the company’s normal review of its financial results for Q4 and FY12. The company is working diligently to complete its evaluation, but is currently unable to estimate when the evaluation will be completed.
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