After Leadership Change, Avid Delays Q4 2012 Earnings Report
BURLINGTON, MA — Avid Technology Inc., based here, announced on Feb. 25 that its Q4 2012 earnings report, originally due to be released on Feb. 26, would be delayed. The company, which made a costly foray into audio and video editing products for consumers before selling those businesses last year, has been reportedly struggling for profitability since 2005. Avid had previously announced on Feb. 11 that its president and CEO, Gary Greenfield, had voluntarily resigned his post and would be replaced by one of the company’s directors, Louis Hernandez, Jr.
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