Exhibit 99.3

PINNACLE SYSTEMS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, in thousands, except per share data)


	Nine Months Ended March 31,
	2005									2004
	Original			As Restated			Change			Original			As Restated			Change
Net sales	$	212,568		$	212,568		$	—		$	220,763		$	220,763		$	—

Costs and expenses:
Cost of sales		118,206			118,206			—			130,180			130,180			—
Engineering and product development		24,036			24,036			—			27,591			27,591			—
Sales, marketing, and service		55,420			55,420			—			61,821			61,821			—
General and administrative		19,984			19,984			—			17,567			17,567			—
Amortization of other intangible assets		2,544			2,544			—			3,883			3,883			—
Impairment of goodwill		1,310			1,310			—			5,950			5,950			—
Legal settlement		(3,137	)		—			3,137			—			—			—
Transaction costs		2,752			2,752			—			—			—			—
In-process research and development		—			—			—			2,193			2,193			—
Restructuring costs		5,597			5,597			—			3,640			3,640			—

Total costs and expenses		226,712			229,849			3,137			252,825			252,825			—

Operating loss		(14,144	)		(17,281	)		(3,137	)		(32,062	)		(32,062	)		—

Interest paid on legal settlement		—			—			—			(2,050	)		—			2,050
Interest and other income, net		1,276			1,276			—			1,515			1,515			—

Loss from continuing operations before income taxes		(12,868	)		(16,005	)		(3,137	)		(32,597	)		(30,547	)		2,050

Income tax expense		2,854			2,854			—			2,938			2,938			—

Loss from continuing operations		(15,722	)		(18,859	)		(3,137	)		(35,535	)		(33,485	)		2,050

Income (loss) from discontinued operations, net of taxes		(1,683	)		1,454			3,137			(7,591	)		(9,641	)		(2,050	)

Net loss	$	(17,405	)	$	(17,405	)	$	—		$	(43,126	)	$	(43,126	)	$	—

Loss per share from continuing operations:
Basic and Diluted	$	(0.23	)	$	(0.27	)	$	(0.04	)	$	(0.53	)	$	(0.50	)	$	0.03

Income (loss) per share from discontinued operations:
Basic and Diluted	$	(0.02	)	$	0.02		$	0.04		$	(0.12	)	$	(0.15	)	$	(0.03	)

Net loss per share:
Basic and Diluted	$	(0.25	)	$	(0.25	)	$	—		$	(0.65	)	$	(0.65	)	$	—

Shares used to compute per share amounts:
Basic		69,498			69,498			—			66,526			66,526			—

Diluted		69,498			69,803			—			66,526			66,526			—

PINNACLE SYSTEMS INC 8-K/A