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iii
CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
This Annual Report on Form 10-K, or Form 10-K, filed by Avid Technology, Inc. (together with its consolidated subsidiaries,
“Avid” or the “Company”, or “we”, “us” or “our” unless the context indicates otherwise includes forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained in this
Form 10-K that relate to future results or events are forward-looking statements. Forward-looking statements may be identified
by use of forward-looking words, such as “anticipate,” “believe,” “confidence,” “could,” “estimate,” “expect,” “feel,” “intend,”
“may,” “plan,” “should,” “seek,” “will” and “would,” or similar expressions.
Forward-looking statements may involve subjects relating to the following:
• the development, marketing and selling of new products and services;
• our ability to successfully implement our Avid Everywhere strategic plan and other strategic initiatives, including
our cost saving strategies;
• anticipated trends relating to our sales, financial condition or results of operations;
• our goal of expanding our market positions;
• the anticipated performance of our products;
• our business strategies and market positioning;
• our ability to successfully consummate any potential acquisitions or investment transactions and successfully
integrate acquired business into our operations;
• the anticipated trends and development of our markets and the success of our products in these markets;
• our ability to mitigate and remediate effectively the material weaknesses in our internal control over financial
reporting;
• the risk of restatement of our financial statements;
• our capital resources and the adequacy thereof;
• the impact, costs and expenses of any litigation or government inquiries we may be subject to now or in the future;
• the effect of the continuing worldwide macroeconomic uncertainty on our business and results of operation;
• the expected timing of recognition of revenue backlog as revenue;
• estimated asset and liability values and amortization of our intangible assets;
• our compliance with covenants contained in our indebtedness;
• changes in inventory levels;
• seasonal factors;
• plans regarding repatriation of foreign earnings;
• transactions in and valuations of investments and derivative instruments; and
• fluctuations in foreign exchange and interest rates.
Actual results and events in future periods may differ materially from those expressed or implied by these forward-looking
statements in this report. There are a number of factors that could cause actual events or results to differ materially from those
indicated or implied by forward-looking statements, many of which are beyond our control, including the risk factors discussed in
Item 1A of this Form 10-K. In addition, the forward-looking statements contained in this Form 10-K represent our estimates only
as of the date of this filing and should not be relied upon as representing our estimates as of any subsequent date. While we may
elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so,
whether to reflect actual results, changes in assumptions, changes in other factors affecting such forward-looking statements or
otherwise.