Avid (Pro Tools) acquires MAudio

Archived from groups: rec.audio.pro (More info?)

http://www.avid.com/company/releas [...] audio.html

"Tewksbury, MA - August 13, 2004 - Avid Technology, Inc. (NASDAQ: AVID)
today announced that it has entered into a definitive agreement to acquire
Midiman, Inc., doing business as M-Audio - a leading provider of digital
audio and MIDI solutions for electronic musicians and audio professionals.
At closing, Avid will pay approximately $80 million in cash, issue
approximately 2 million shares of Avid common stock, and assume all
outstanding M-Audio stock options. The deal also includes earn-out
provisions, which would be payable to M-Audio's equity holders based on the
successful achievement of certain financial milestones. Under the terms of
the agreement, M-Audio will become a business unit of Avid's Digidesign
audio division and market its line of computer audio peripherals, PCI sound
cards, keyboard controllers and control surfaces, microphones, speakers, and
distributed software and proprietary sound libraries alongside Digidesign's
award-winning digital audio workstations for the professional and
home/hobbyist markets.

Archived from groups: rec.audio.pro (More info?)

In article <ppmdnQdoJ-agTYPcRVn-jQ@comcast.com> arnyk@hotpop.com writes:

> http://www.avid.com/company/releas [...] audio.html
>
> "Tewksbury, MA - August 13, 2004 - Avid Technology, Inc. (NASDAQ: AVID)
> today announced that it has entered into a definitive agreement to acquire
> Midiman, Inc., doing business as M-Audio

I figured you'd be the first to notice that. What took you so long?
<g>

I posted something this morning because I hadn't seen anything about
it here (yet).


--
I'm really Mike Rivers (mrivers@d-and-d.com)
However, until the spam goes away or Hell freezes over,
lots of IP addresses are blocked from this system. If
you e-mail me and it bounces, use your secret decoder ring
and reach me here: double-m-eleven-double-zero at yahoo

Archived from groups: rec.audio.pro (More info?)

"Mike Rivers" <mrivers@d-and-d.com> wrote in message
news:znr1092576708k@trad...
>
> In article <20040815084746.10448.00001137@mb-m23.aol.com>
eganmedia@aol.com writes:
>
> > Why do you suppose they did this? Is it merely to get rid of some of
the
> > competition for their entry level Digidesign products?
>
> Maybe they're buying the cow. I'm not sure why I think this but I
> thought that Midiman makes the rack mount low end ProTools hardware.
>
Like the Digi-001? Midiman doesn't make that for Avid. I'm limited by NDA,
but I can say that it's not anyone in the music industry.

Glenn D.

Archived from groups: rec.audio.pro (More info?)

>I'm not sure why I think this but I
>> thought that Midiman makes the rack mount low end ProTools hardware.
>>
>Like the Digi-001? Midiman doesn't make that for Avid. I'm limited by NDA,
>but I can say that it's not anyone in the music industry.

Check the term limits of your NDA. The Dig-001 hasn't been made for quite some
time now. I think he's talking about the 002 rack. If Midiman is indeed
manufacturing the entry level digi stuff already, the purchase arrangement
makes more sense to me.


Joe Egan
EMP
Colchester, VT
www.eganmedia.com

Archived from groups: rec.audio.pro (More info?)

"EganMedia" <eganmedia@aol.com> wrote in message
news:20040815210908.29945.00001452@mb-m10.aol.com...
> >I'm not sure why I think this but I
> >> thought that Midiman makes the rack mount low end ProTools hardware.
> >>
> >Like the Digi-001? Midiman doesn't make that for Avid. I'm limited by
NDA,
> >but I can say that it's not anyone in the music industry.
>
> Check the term limits of your NDA. The Dig-001 hasn't been made for quite
some
> time now. I think he's talking about the 002 rack. If Midiman is indeed
> manufacturing the entry level digi stuff already, the purchase arrangement
> makes more sense to me.
>
The factory I visited was still making them last year.

Glenn D.

Archived from groups: rec.audio.pro (More info?)

In article <150820042146577784%ihate@spamo.com> ihate@spamo.com writes:

> Try and buy some Digi software that runs without Digi hardware. From
> day one it's always been hardware and software.

The hardware is incidental. It could be designed and built by anyone.
(and probably is)

--
I'm really Mike Rivers (mrivers@d-and-d.com)
However, until the spam goes away or Hell freezes over,
lots of IP addresses are blocked from this system. If
you e-mail me and it bounces, use your secret decoder ring
and reach me here: double-m-eleven-double-zero at yahoo

Archived from groups: rec.audio.pro (More info?)

In article <u2q1i019nrk6u8jatgpmcultfbs88rd1qu@4ax.com> ben_nospam_bradley@mindspring.com writes:

> In other words, the hardware is the dongle.

That too, but Digidesign chose to make it more functional (probably so
they could make more money on the sale of a ProTools system of any
size).

--
I'm really Mike Rivers (mrivers@d-and-d.com)
However, until the spam goes away or Hell freezes over,
lots of IP addresses are blocked from this system. If
you e-mail me and it bounces, use your secret decoder ring
and reach me here: double-m-eleven-double-zero at yahoo

Archived from groups: rec.audio.pro (More info?)

"david" <ihate@spamo.com> wrote in message
news:160820042143388575%ihate@spamo.com

> Not even Apple manufactures their own boxes these days. Ya, designing
> and delivering excellent, reliable hardware - there's nothing to it.
> Tell that to the folks that bought that Mackie digital console.

Tell the truth, its possible that not even Midiman makes their own hardware
at some level. Sheet metal, board etching, and board stuffing are commonly
farmed out to subcontractors.

Archived from groups: rec.audio.pro (More info?)

"Arny Krueger" <arnyk@hotpop.com> wrote in message
news:lr-dnYeg94KJfrzcRVn-og@comcast.com...
> "david" <ihate@spamo.com> wrote in message
> news:160820042143388575%ihate@spamo.com
>
> > Not even Apple manufactures their own boxes these days. Ya, designing
> > and delivering excellent, reliable hardware - there's nothing to it.
> > Tell that to the folks that bought that Mackie digital console.
>
> Tell the truth, its possible that not even Midiman makes their own
hardware
> at some level. Sheet metal, board etching, and board stuffing are commonly
> farmed out to subcontractors.
>
Even final assembly.

Glenn D.

Archived from groups: rec.audio.pro (More info?)

Don Cooper <dcooper28800@comcast.net> wrote:

>My first thought from a retail perspective is that this is unfortunate.
>If anything, there will be fewer dealers. Midiman / MAudio was a very
>cool company to deal with.

For now they're keeping both dealer networks.




--
Len Moskowitz PDAudio, Binaural Mics, Cables, DPA, M-Audio
Core Sound http://www.stealthmicrophones.com
Teaneck, New Jersey USA http://www.core-sound.com
moskowit@core-sound.com Tel: 201-801-0812, FAX: 201-801-0912