You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Avid postpones its 4Q earnings release

Avid Technology Inc., a Burlington company that makes equipment for the editing and processing of music and video, announced Monday that it is postponing its fourth quarter 2012 earnings release and investor conference call, previously scheduled for Tuesday, 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.”

In a press release, the company added: “The need to evaluate the accounting treatment arose during the company’s normal review of its financial results for the fourth quarter and full year 2012. The company is working diligently to complete its evaluation, but is currently unable to estimate when the evaluation will be completed.”

Continue reading below

Earlier this month, Avid announced that its board of directors appointed Louis Hernandez as president and chief executive.

Last summer, Avid said it would shed 350 jobs, or 20 percent of its workforce, as it abandoned consumer product lines that have performed poorly in recent years. The company’s worldwide employment was projected to fall to about 1,400 from about 1,750, the company said then.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.