Avid has posted an earnings drop over last year’s numbers (no big surprise given the strike and recent economic slowdown). The real news bit is that they are cutting their workforce by about 410 people (approx 15%).
Apple has also posted earnings numbers, and showing that overall revenues for the fiscal year grew by 35%. The company now has 25 Billion in cash. To illustrate how powerful a position that is, Discrete Cosine went virtual company shopping and discusses which companies Apple could afford to purchase. Ironically, Avid is on the list at 600 million. So is Autodesk, NVIDIA, and even Sony.
Now if they would only put a little more of that cash warchest into Final Cut Studio R&D…
UPDATE: Thomas Roberts wrote in to let us know that Sony has also posted a dip in profits.
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No KIDDING! So ready for an FCP rewrite. My prediction: no Cocoa-based FCP until 10.6 (Snow Leopard). I don’t think they’ll ship a Cocoa, 64-bit FCP before they’ll ship a Cocoa Finder.
I hope they do more than just a feature-for-feature port. This is the perfect time to rethink a lot of paradigms, the way they did with iMovie ‘08 (not that I want to use that tool, but they did get radical with it).