Archive | April, 2012

Avid Q1 Pro Editors Revenue Down 30%

28 Apr

Avid confirmed the Q1 data released earlier this month (Avid Downward Trend Continues), that overall revenues were lower than a year ago — $152.1 million for the three-month period ended March 31, 2012, compared to $166.3 million for the same period in 2011. The GAAP net loss for the first quarter was $15.6 million, or $0.40 per share, compared to a GAAP net loss of $5.1 million, or $0.13 per share, in the first quarter of 2011.

Harmonic Q1 Revenue Down, Losses Up

28 Apr

Harmonic Inc.  announced that its Q1 net revenue for the first quarter of 2012 was $127.7 million, compared to $132.8 million in the first quarter of 2011. As previously announced, net revenue for the first quarter of 2012 was adversely impacted by an unexpectedly slow order rate in the early part of the quarter and a decline in demand from European customers throughout the quarter.

Avid Downward Trend Continues — discussion

24 Apr

A interesting discussion of SCRI’s article earlier this month can be found on Creative Cow.Net at:  SCRI International – Avid Downward Trend Continues

Apple Posts Continued Growth in Q2

24 Apr

Apple announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. These results compare to revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share, in the year-ago quarter. Gross margin was 47.4 percent compared to 41.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

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Pixelworks Q1 Revenue Decline

24 Apr

Pixelworks, Inc. , a  provider of video and pixel processing technology, reported that first quarter 2012 revenue was $14.3 million, compared to $16.8 million reported in the fourth quarter of 2011 and $14.7 million in the first quarter of 2011. The sequential decrease was primarily driven by expected weaker demand in the digital projection and advanced TV markets, partially offset by licensing revenue recorded during the quarter.

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Final NAB 2012 Attendance Below Expectations

24 Apr

Final NAB 2012 attendance figures released by NAB today show that attendance was 92,112, below the 100,000 mark suggested by NAB officials to the Las Vegas Sun earlier this month and only slight up from the NAB 2011 attendance of 91,932. The 2010 NAB attendance was 88,044, with 2009 NAB final attendance at a dismal 82,650. These numbers in contrast to the NAB attendance for ’08 (105,250) and ’07 (105,259 attendees).  NAB attendance, can be seen as an indicator of economic, & specifically broadcast / pro video, economic performance, and as such is consistent with the weak recovery seen in the industry in the past few years.  Indications form SCRI’s annually updated Broadcast Pro Video Marketplace Reports show that 2013 is looking more promising regarding growth of equipment sales to end users across the board.

NAB Attendance Expected to Be Up, But Still Below Peaks of Prior Years

23 Apr

NAB 2012 show organizers initially indicated 85,000 people would attend this year’s convention — the third-largest convention in Vegas this year and the world’s largest electronic media show. The Las Vegas Sun is reporting that NAB expects final numbers to be at the 100,000 mark.

MP4 Leads Formats for Web & Mobile Video among Broadcast & Pro Video Users

19 Apr

A recent survey among a broad and comprehensive base of broadcast and pro video users shows that MP4 is the leading video format used by video professionals for distribution on the web and mobile devices (69% web & 58 % mobile).

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Sony Losses Continue

17 Apr

Sony announced that its losses this year would be worse than it had expected, with the company expecting to lose $6.4 billion in 2012. Sony hasn’t turned a profit since 2008.  In response to the announcement Sony’s share price closed down at a quarter of its value a decade ago.

Breaking News from NAB 2012

16 Apr

After a weekend of press conferences from the major players, there does not appear to be any major groundbreaking new technology or merger & acquisition news coming from the exhibitors or show floor. WhIle both 3D stereoscopic and cloud computing continue to emerge as new technologies, there does not appear to be the degree of interest from end users yet to drive demand significantly. This in spite of the many glasses-free 3D options shown and the first US presentation of a 200-inch, glasses-free 3D projection system as well as a presentation by James Cameron on  increasing revenue with 5D.  On the cloud computing side, supporters and the exhibitors at the Cloud Computing Pavilion are pushing the notion that broadcasters, programmers and studios all need cloud-based solutions for their post-production, transcoding, storage and delivery requirements.

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