Peter Moretti
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Lucas, very nice analysis. I don't disagree one iota.
P.S. I just want to add that Avid has done a lot of cost cutting measures (some of which sounds pretty shortsighted, e.g. cutting back on hardware development, and obviously is very difficult for the people let go). It has also had a lot of charges related to integrating Digidesign, Pinnacle and some other business units under one Avid banner. So they *should* burn through cash less quickly than they have been. That's the plan. We'll see.
P.S. I just want to add that Avid has done a lot of cost cutting measures (some of which sounds pretty shortsighted, e.g. cutting back on hardware development, and obviously is very difficult for the people let go). It has also had a lot of charges related to integrating Digidesign, Pinnacle and some other business units under one Avid banner. So they *should* burn through cash less quickly than they have been. That's the plan. We'll see.