Avid's Financial Woes Resurface As CFO Resigns

May 12, 2016, 04:37 PM

http://news.doddleme.com/blogs/post-production/avi...

Things seemed to have gotten better for Avid, as the headlines moved more towards their cloud based integration and less about the company’s financial woes. Even as early as NAB, it seemed that the video editing company had gotten its mojo back. But with the recent resignation of CFO John Frederick, a disappointing quarter of bookings, and a disparate restructuring plan put in place, the news is bad. Really bad. And the company is hemorrhaging cash like crazy. Could this the end?

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