Management shake-up at MSC Software

MSC today announced the departure of Chairman and CEO Bill Weyand and Glenn Weinkoop, President and COO, and their replacement by Ashfaq A. Munshi as interim Chief Executive Officer and President. The company’s Board of Directors has retained a national firm to...

MSC rides a winding road

MSC Software proved last week that it is not immune to the slowdown in spending seenby other PLM suppliers. Total Q4 revenue of $65 million was down 9% from a year ago,leading the company to an operating loss for the quarter. For the year MSC reported totalrevenue of...

MSC and Elliott Assoc. reach agreement on “standstill”

Elliott Associates and MSC Software today filed a schedule 13D with the SEC stating that the two had reached and agreement under which the various Elliott entities that already own 13.4% of the outstanding shares of MSC will not buy more than 2.96 million additional...

MSC beats expectations

MSC Software posted good results today, with total revenue up 11% from last year to $63.7million. Revenue from large deals was up significantly, as both the size of the average largedeal and the number of large deals increased markedly. MSC reports that a year ago...

PLM stocks battered on Wall Street — why?

So everyone knows that the US Congress on Monday failed to vote to pass a $700 billion billto bail out the financial markets. Whether you’re for or against the bill is irrelevant; its failureto pass cost investors $1.1 trillion. Almost twice what the bill would...

MSC Q2 earnings release provides some unusual factoids

MSC Software, like most public companies, provides information in its quarterly earnings releases that leave analysts wondering why a particular nugget was worthy of inclusion. Since all information provided is fair game, following are a few additional conclusions...

MSC Software reports a mixed bag for Q2 2008

On August 5, 2008, MSC Software reported revenue of $64.4 million, up 6% due primarily togrowth in the maintenance revenue stream, with a quarterly profit that topped Wall Streetexpectations by a penny – yet the share price declined 20 cents. Clearly, investors...