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Autodesk and Roopinder Tara cycle for MS research

Roopinder Tara, publisher of TenLinks, and a team of cyclists from Autodesk’s Lake Oswego, Oregon office will participate in a group bicycle ride to raise money to fight multiple sclerosis. The ride, on August 1 and 2, will cover as many as 150 miles.According to...

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And the market breathes a sigh of relief …

I’ve been wrong so often on pre-announcements that I waited this time until companies announce their earnings dates: ANSYS and PTC both announced today the dates and times of their June quarter earnings calls, which means that neither is likely to announce results...

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AVEVA sees strength in plant, decline in shipbuilding

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...

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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...

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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...

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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...

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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 to subscribe.

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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,...

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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 June...

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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 implementations in globally-...

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Autodesk ups the ante on displaced worker programs

Autodesk announced today that the 4,700 participants in its "Autodesk Assistance Program" have downloaded more than 5,400 products since the program was announced 6 weeks ago. Due to this success, the company is increasing the number of available products in...

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AVEVA shares surge on profit

AVEVA Group plc on Tuesday reported significantly higher profits for fiscal 2009 (ended March 31) as growth across most regions and product areas helped the company to a 29% increase in revenue over last year. Both revenue and profit were slightly better than...

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Autodesk slightly exceeds (depressing) expectations

All day the news dribbled in: Credit Suisse cuts its estimate for Autodesk's 2010 revenue to$1.684 billion from $1.713 Billion; Bank of America/Merrill Lynch thought that the "focuscould shift from [operating expenditure] cuts to revenue growth" and that its...

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Rackable changes name to SGI

Remember how I lamented the loss of a brand as venerable as SGI's? Well, it turns out thatRackable felt the same way, changing its name and ticker symbol to SGI yesterday. In apress release, CEO Mark Barrenechea said that “[l]everaging a unified SGI brand will...

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