Avid Announces Receipt of Second Anticipated NASDAQ Letter, Initial Determinations of Its Accounting Evaluation

In March 2013, Avid Technology, Inc. (NASDAQ: AVID ) announced that due to the delay in the filing of its annual report on Form 10-K for the year ended December 31, 2012 (“Form 10-K”), it had received a notification letter from the staff of the NASDAQ Listing Qualifications Department (the “NASDAQ Staff”) stating