Avid 1996 Annual Report Download - page 10

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9
However, an adverse resolution of this litigation could have an adverse effect on the Company’s consolidated financial
position or results of operations in the period in which the litigation is resolved.
Other
The Company also receives inquiries from time to time with regard to additional possible patent infringement claims.
These inquiries are generally referred to counsel and are in various stages of discussion. If any infringement is determined to
exist, the Company may seek licenses or settlements. In addition, from time to time as a normal incidence of the nature of
the Company's business, various claims, charges, and litigation are asserted or commenced against the Company arising
from or related to contractual or employee relations or product performance. Management does not believe these claims
would have a material adverse effect on the financial position or results of operations of the Company.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of the Company's security holders during the last quarter of the fiscal year ended
December 31, 1996.