Robert Halperin Retires From Avid's Board of Directors

Avid Technology, Inc. today announced that Robert Halperin has retired from the company's board of directors, effective November 8, 2004. With his retirement, Halperin, who served as chairman of the board of directors from 1999 to 2004, completes a 13-year term of service on Avid's board.

"Bob's leadership and guidance have been a tremendous influence on Avid's success throughout the years," said David Krall, Avid's president and chief executive officer. "His visionary insight has been instrumental in helping Avid to establish and sustain its position as the world-leading manufacturer of digital nonlinear media creation, management, and distribution solutions for film, video, audio, animation, games, and broadcast professionals. We are extremely grateful for the contributions Bob has made to our business, and our management team and board of directors will carry Bob's wisdom and business principles with us well into the future."

Nancy Hawthorne, who succeeded Halperin as chairman of Avid's board of directors in May 2004, said, "As a member of the board since the early years of Avid, Bob Halperin played an important role in the company's major business milestones, such as the acquisition of Digidesign in 1995. More recently, as chairman, Bob helped guide Avid through the three-year plan that culminated in the successful launch of the Avid DNA(TM) product family. As he brings his distinguished tenure at Avid to a close, Bob leaves behind a legacy of dedicated service and leadership, and a management team committed to furthering the company's success in the media production industries."

Halperin said, "When I joined Avid's board of directors in 1991, the company was a close-knit startup that was just beginning to come to grips with the runaway success of its flagship product, the revolutionary Media Composer® video editing workstation. Since then, Avid has grown exponentially and matured into the world's leading provider of digital nonlinear content creation solutions for a wide range of industries. Despite the many changes that have taken place in those industries over the years, Avid has never wavered from its tradition of excellence and innovation, and I have no doubt that the current management team's commitment to these principles will ensure the company's continued success."

In addition to his role on Avid's board of directors, Halperin, served at Raychem Corporation since shortly after the company was founded in 1957, rising to the position of president. Following his retirement from that post in 1990, Halperin served as vice chairman of Raychem's board until 1994. Halperin has also served as chairman of the board of directors of Vitria Technology, Inc.

About Avid Technology, Inc.

Avid Technology, Inc. is the world leader in digital nonlinear media creation, management, and distribution solutions, enabling film, video, audio, animation, games, and broadcast professionals to work more efficiently, productively, and creatively. For more information about the company's Oscar®, Grammy®, and Emmy® award-winning products and services, please visit: www.avid.com.

© 2004 Avid Technology, Inc. Product features, specifications, system requirements, and availability are subject to change without notice. Avid, Digidesign, Film Composer, Pro Tools, Avid DNA, and Media Composer are either registered trademarks or trademarks of Avid Technology, Inc. in the United States and/or other countries. Avid received an Oscar statuette representing the 1998 Scientific and Technical Award for the concept, design, and engineering of the Avid® Film Composer® system for motion picture editing. Digidesign, Avid's audio division, received an Oscar statuette representing the 2003 Scientific and Technical Award for the design, development, and implementation of its Pro Tools® digital audio workstation. Oscar is a trademark and service mark of the Academy of Motion Picture Arts and Sciences. Emmy is a registered trademark of ATAS/NATAS. Grammy is a trademark of the National Academy of Recording Arts and Sciences, Inc. All other trademarks contained herein are the property of their respective owners.

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