MSC revenue down 19%, reports net loss

MSC Software reported results tonight and has announced that it will not hold the earnings call previously scheduled for tomorrow afternoon because of its expected acquisition by Symphony Technology Group. For the second quarter, total revenue was $51.7 million, down...

Making the most of customer advisory panels

MSC Software announced yesterday that it had formed a customer advisory board of eighteen leading companies across the automotive, aerospace, and marine industries to “to discuss, debate, and have open dialogue on industry trends, business & technology drivers,...

Is the MSC deal a good one?

I don’t usually weigh in on this sort of question — especially since we don’t have the proxy material that details the Board’s decision criteria in selling the company to Symphony Technology Group — but there is so much flying around out there that I’ll...

CAE data management – the breakdowns

CAE data management has become a critical topic for many CAE departments — after all, tying together which CAD models were used as the basis for an analysis, the meshing technique and resulting mesh, the loads and constraints and the resulting data and...

MSC to be acquired by Symphony Tech Group and Elliott Assoc

As we’ve been wondering for a while: MSC today announced that Symphony Technology Group would be paying shareholders approximately $360 million in cash for the company, a 13% premium to yesterday’s closing share price of $6.75, with financing provided in part by...

MSC CEO staying on – at least for now

According to yesterday’s filing with the SEC, MSC Software interim CEO Ashfaq Munshi is continuing on beyond the June 30 deadline originally imposed by the company’s Board of Directors—and will be paid a $500,000 bonus when a permanent CEO is appointed. The filing...

Rumor-mongering: no news on MSC

Yesterday was July 1, the date on which Elliot Associates’ “standstill” agreement with MSC Software expired. Under the February agreement, Elliott Associates could not buy the additional shares that would give it a 20% stake in MSC, enough to affect management...

Updated: MSC interim CEO definitely in charge

MSC Software announced this afternoon that its results were within guidance and that it is seeing the same declines in new license revenue shown by other PLM suppliers. MSC reported total revenue for the first quarter to $53.6 million, down 12% from last year, led by...

Trip Report: Arizona in April

– is lovely. Stark brown scrubby hills surrounding the city of Phoenix — which stretches onforever. I will definitely go back to climb some of those hills someday, if I can convincemyself that the scorpions and rattlers are more afraid of me than I of...

Update: MSC exec change — Investors like!

Yesterday I wrote that investors seemed lukewarm to the the change in CEO and COO atMSC, with Ashfaq Munshi taking over. By the close of trading, MSC shares were up 11%and look to open “up” today signalling that shareholders have confidence in Mr. Munshi...