Avid Technology, Inc. to Present at U.S. Bancorp Piper Jaffray Technology & Communications Conference.

Business/Technology Editors

TEWKSBURY, Mass.--(BUSINESS WIRE)--Aug. 5, 2002

Avid Technology, Inc. (Nasdaq: AVID) today announced that Paul Milbury, senior vice president and chief financial officer, will present at the U.S. Bancorp Piper Jaffray Technology & Communications Conference on Thursday, August 8, 2002 from 3:30 p.m. to 4:00 p.m. ET. A live and on-demand audio Webcast will be accessible through the U.S. Bancorp Piper Jaffray Web site at http://www.gotoanalysts.com/tccwebcast during the conference and for 30 days following the conference. The presentation will also be accessible through Avid's investor relations page at www.avid.com.

About Avid Technology, Inc.

Avid Technology, Inc. delivers the solutions that Make, Manage and Move Media(TM). As a recognized digital standard for professionals who Make the world's media -- from video, audio and film to animation, special effects and streaming media -- Avid's products are used to make more television and news shows, commercials, music videos and CDs, corporate/industrial productions and major motion pictures combined than any other nonlinear editing manufacturer in the world. Building on its award-winning heritage, which includes several Emmy(R) awards as well as an Oscar(R) statuette representing the 1998 Scientific and Technical Award for the concept, design and engineering of the Avid Film Composer(R) system for motion picture editing, Avid is extending its reach by redefining how digital media is shared, stored and distributed. To Manage today's increasingly rich collection of dynamic media, Avid provides powerful servers, networks and media tools to help customers search files, share media and collaborate on new productions, both locally and globally. Avid's solutions also empower users to easily Move media, whether on air, over cable or satellite or through the Internet. Like no other media company today, Avid's end-to-end solutions span the continuum of media creation, management and distribution. The company's corporate headquarters are located in Tewksbury, MA. More information about the company is available at www.avid.com.

(c)2002 Avid Technology, Inc. All rights reserved. Avid, Make, Manage and Move Media, and Film Composer are either registered trademarks or trademarks of Avid Technology, Inc. in the United States and/or other countries. Oscar is a registered trademark and service mark of the Academy of Motion Picture Arts and Sciences. Emmy is a registered trademark of ATAS/NATAS. All other trademarks contained herein are the property of their respective owners.