Item 9.01 Financial Statements and Exhibits

On December 29, 2008, Hauppauge Digital, Inc. filed a Current Report on Form 8-K in connection with the acquisition by its wholly-owned subsidiary PCTV Systems, S.a.r.l, of certain assets and properties of Avid Technology, Inc., Pinnacle Systems, Inc. ) Avid Technology GmbH Avid Development GmbH and Avid Technology International BV, pursuant to the previously disclosed Asset Purchase Agreement dated October 25, 2008. Pursuant to Item 9.01 of Form 8-K, set forth below are the financial statements and pro forma financial statements relating to the acquisition of the acquired assets.

(a) Financial Statements of Business Acquired

The report of independent auditors and Audited Financial Statements of the PCTV Business of Avid Technology Inc. as of September 30, 2008 and December 31, 2007 and for the nine months ended September 30, 2008 and year ended December 31, 2007 and the Notes thereto are included herein.

(b) Pro Forma Financial Information

Unaudited pro forma statement of operations of Hauppauge Digital Inc. and the PCTV Business of Avid Technology, Inc. for the year ended September 30, 2008 is included herein. An unaudited pro forma balance sheet is not being attached hereto as such a balance sheet was included in our December 31, 2008 Form 10-Q filed on February 17, 2009.

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