AVEVA sees strength in plant, decline in shipbuilding

Jul 9, 2009 | Hot Topics

AVEVA Group provided an update on market conditions from April 1 through June 30 ahead of its shareholder meeting today. The brief note said that the company saw an expected decline in new license sales in the marine sector even though shipyards’ order books for new...

MSC to be acquired by Symphony Tech Group and Elliott Assoc

Jul 8, 2009 | Hot Topics

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

Jul 7, 2009 | Hot Topics

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...

Avatech sells BIMreview, lays off another 41

Jul 6, 2009 | Hot Topics

In an unfortunate sign of the times, Avatech Solutions has reduced its workforce by 41 more people, according to a filing with the Securities and Exchange Commission. These latest layoffs follow an earlier reduction layoff of about 20 people in April, now leaving the...

Rumor-mongering: no news on MSC

Jul 2, 2009 | Hot Topics

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...

New link for RSS feed

Jun 30, 2009 | Hot Topics

Sorry about this, but the RSS link for Hot Topics has changed. Please use the links to the right or go to http://feeds.feedburner.com/SchnitgerCorporationHotTopics to subscribe.

schnitgercorp.com changes

Jun 29, 2009 | Hot Topics

As you’ve no doubt noticed, the schnitgercorp website has undergone a major renovation. We did this to make the site easier to read and navigate. Of course, the web design tool selected for its built-in search feature appears to have a bug in its search server links,...

PTC tries to sell investors on growth strategy

Jun 29, 2009 | Hot Topics

PTC gave a comprehensive presentation of its financial status, goals and milestones at its user conference earlier this month. The headlines from the event focused on the announcement that revenue would come in at the low end of the company’s guidance for the...

Busy busy — quick updates

Jun 23, 2009 | Hot Topics

Too busy to craft anything long or thoughtful — I know I owe you a more detailed analysis of PTC’s investor presentation — but in the meantime:- are companies getting too big? I’ve been talking to people responsible for coordinating PLM...