Complete issues writ on Avid and GE

Article Abstract:

Complete Video Facilities has issued on Jun. 3, 1998, a High Court writ against GE Capital Services, a finance leasing firm, and Avid Technology Europe, in connection with the alleged failure of Avid's Spectrum, which is a non-linear editor. The writ asserts that both GE Capital and Avid were in breach of oral collateral guaranties that were effected in or around April 1996 and May 1996 and/or August 1996 and September 1996. Complete Video also seeks undeclared damages. In September 1996, Avid withdrew its 600,000-pound-sterling Spectrum following the admission of Avid that the system's effects and editing aspects could not function together.

Comment:

Faces a High Court writ filed by Complete Video Facilities in connection to failure of Avid Tech Europe's Spectrum tech

Legal issues & crime, Contracts & orders received, Business Credit Institutions, All Other Nondepository Credit Intermediation, Teleproduction and Other Postproduction Services, Energy Mgmt Software Pkgs (Micro), Video Post Production Work, Commercial finance companies, Image processing software, Video post production, General Electric Capital Services Inc., Complete Video Facilities, Avid Technology Europe

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Siggraph's windows of opportunity

Article Abstract:

Siggraph, the 1998 Orlando, Florida, convention for the animation, games development and graphic design industries allows less well known design firms to show their products. It is also a source of information about the general state of industry. Houdini's newest product combines the synchronization of music with computer generated images, in its Interactive Dance Club installation. The combination of Discreet's Effect and Paint product and Kinetix's 3D Studio Max will be displayed. Silicon Graphic's new visual personal computer has been designed by experts brought into the firm.

Prepackaged software, Conferences, meetings and seminars, Software, Product development, Product information, Graphic arts industry, Orlando, Florida, Autodesk Inc. Discreet Div., Kinetix (Canton, Ohio), Silicon Graphic, Houdini

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Smoke & Mirrors to expand into 3D

Article Abstract:

Smoke & Mirrors plans to expand into the 3D market with a new venture dubbed as Smoke & Mirrors 3D. The new 3D venture, to be introduced in the middle of August 1998, will be created in partnership with ex-Film Factory heads of digital film and 3D, Bill Scalon and Andrew Howes. Meanwhile, Smoke & Mirrors is understood to be in talks with Canadian software developer Discreet Logic to purchase its headquarters facility in UK's Beak Street. If the deal pushes through, the facility could be the possible site of Smoke & Mirrors 3D or another venture, Unique ID.

Comment:

Plans to expand into the 3D market with a new venture dubbed as Smoke & Mirrors 3D

Strategy & planning, Smoke and Mirrors Inc.

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