EXHIBIT 99.2
Pinnacle Systems Inc., Denies Allegations in Lawsuit
MOUNTAIN VIEW, Calif., July 20 /PRNewswire/ Pinnacle Systems, Inc. (Nasdaq:
PCLE), a leader in digital video broadcast and production solutions, announced
today that it is aware of a press release announcing the filing of a securities
class action lawsuit against the Company and certain of its officers. The action
was filed in the U.S. District Court for the Northern District of California,
alleging that the company violated the federal securities laws. The Company
intends to defend this action vigorously.
About Pinnacle Systems, Inc. Pinnacle Systems' broadcast, desktop, and consumer
products provide video professionals and consumers with cutting-edge digital
video tools to create, store, distribute and view Web enabled digital video
easily and more affordably than ever before. Pinnacle Systems may be reached at
650-526-1600 or on the World Wide Web at www.pinnaclesys.com.
NOTE: All trademarks and registered trademarks are the property of their owners
and are used for identification or reference purposes only, with no intent to
infringe on copyrights. All original content is copyright
/CONTACT: Paulien Ruijssenaars, 650-237-1648, or [email protected], or
Sales, 888-484-3366, or Investor Relations, [email protected], all of Pinnacle
Systems/
