Pinnacle (Cube customer) announces record quarterly revenues and earnings........
newsalert.com
Excerpt:
<<Also during the quarter Pinnacle Systems entered into a definitive agreement to acquire Truevision, Inc.
(NASDAQ: TRUV), a leading supplier of digital video products, in a transaction designed to extend
Pinnacle Systems' leadership in the desktop digital video capture and editing market. " We are very
excited about merging these two companies", said Sanders, "and we believe this transaction will
strengthen Pinnacle's leadership position in the desktop video arena, as well as further advance our efforts
in high definition video (HDTV) tools development. Truevision's product lines compliment Pinnacle's well,
and together we will serve a far wider array of customers and applications in the digital video editing
market. Importantly, Truevision enjoys strategic relationships with several key partners, including Avid
(NASDAQ: AVID), Discreet Logic (NASDAQ: DSLGF), and Panasonic."
About Pinnacle's Systems Newest Products:
FXDeko is Pinnacle Systems' newest broadcast product which combines the Company's sophisticated
Windows(R) NT(R) based Deko character generator (CG) with proprietary 3D real-time effects technology.
ReelTime NITRO is a powerful non-linear editing system that combines dual stream video capture and
editing capabilities with Pinnacle Systems' real-time 3D digital video effects technology. Studio DC10plus
allows hobbyists to capture and edit videos right at their desktops, and is an ideal tool for creating short
form subjects such as music videos, family skits, corporate presentations and even Internet v-mails.
Studio MP10 allows users to capture MPEG-1 compressed video combined with audio, edit it, and copy
the finished program to an MPEG-1 file or to a VHS tape. >>
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