Avatech sells BIMreview, lays off another 41

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

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

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

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

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

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...

ESI reports currency helped license growth in April quarter

ESI Group reported preliminary results for the quarter ended April 30 that included surprising news: license revenue was up 3% as reported, helped by favorable exchange rates. Update:On a constant currency organic basis, license revenue dropped 6.3% in the period.The...