David,
AVID crapped $3 when this news came out. Was the street expecting something more exciting?
Avid Technology, Inc. (NASDAQ: AVID.O) announced today that its
MCXpress for Windows NT digital nonlinear video editing software will
support the Intel Pentium II processor. By incorporating support for
Intel's new processor, Avid's MCXpress software will bring greater
power and creativity to professional media developers who create
digital content for tape, CD-ROM or the World Wide Web.
William J. Miller, Avid chairman and CEO, said, "With support
for Intel's new workstation, MCXpress users will see a significant
performance boost and will be able to take advantage of the
multimedia extensions provided by the Pentium II processor.
Together, Intel and Avid are creating a robust desktop environment
for digital content creators, making it even easier to add video to
their multimedia projects."
"The Pentium II processor will offer important benefits to
multimedia users," said Ron Whittier, senior vice president and
general manager, Intel Content Group. "We're pleased to be working
with Avid, a leading provider of digital content creation tools, to
bring the power of Intel's Pentium II processor to the growing number
of corporate multimedia developers."
About Avid's MCXpress for Windows NT
MCXpress for Windows NT is a high-performance, real-time digital
video editing and finishing solution for Windows NT-based
workstations. Featuring broadcast-quality images and real-time
titles and effects using the Truevision TARGA 2000 RTX board,
MCXpress for Windows NT is an affordable, easy-to-use solution for
video professionals.
Avid Technology is an international, industry-leading provider of
digital audio and video tools for creating content for information
and entertainment applications. Avid's products are used by
customers ranging from communications professionals to film,
television and interactive content producers to broadcast news
organizations. For more information, visit Avid's World Wide Web
site at www.avid.com .
Avid is a registered trademark and MCXpress is a trademark of
Avid Technology, Inc. All other trademarks contained herein are the
property of their respective owners.
CONTACT: Julie Miller, 508-640-5454
JEV, still short AVID (and not liking it) |
