UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 28, 2003

PINNACLE SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

California	000-24784	94-3003809
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

280 North Bernardo Avenue, Mountain View, California	94043
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (650) 526-1600

Not applicable

(Former name or former address, if changed since last report)

ITEM 5. OTHER EVENTS

On October 28, 2003, Pinnacle Systems, Inc. (“Pinnacle”) is announcing its financial results for the first quarter of fiscal 2004 ended September 30, 2003. These financial results are attached hereto as to Exhibit 99.1. The information in this Item 5 shall be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) and shall be deemed incorporated by reference in filings under the Securities Act of 1933 or the Exchange Act.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits.

Exhibit No.	Description
99.1	Financial Results for the Quarter ended September 30, 2003
99.2	Press Release of Pinnacle Systems, Inc. dated October 28, 2003

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On October 28, 2003, Pinnacle is issuing a press release and holding a conference call regarding its financial results for the first quarter of fiscal 2004 ended September 30, 2003. A copy of the press release is furnished as Exhibit 99.2 to this Form 8-K. Pinnacle is making reference to non-GAAP financial information in both the press release and the conference call.

-2-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: October 28, 2003	PINNACLE SYSTEMS, INC.
	By:	/s/    Arthur D. Chadwick
		Arthur D. Chadwick Vice President of Finance, Chief Financial Officer and Secretary

-3-

INDEX TO EXHIBITS

Exhibit No.	Description
99.1	Financial Results for the Quarter ended September 30, 2003
99.2	Press Release of Pinnacle Systems, Inc. dated October 28, 2003