Avid Technology, a developer of digital audio and video editing software and equipment whose products were widely used in a number of Oscar-nominated movies, has delayed its fourth-quarter earnings due to accounting problems.
The Burlington, Mass.-based company said Monday that it is postponing its fourth quarter 2012 earnings release and investor conference call, which were previously scheduled for Tuesday, Feb. 26, 2013, to provide additional time for the company “to evaluate its current and historical accounting treatment related to bug fixes, upgrades and enhancements to certain products which the company has provided to certain customers.”
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