Sun files with the SEC re suits, possible corrupt practices
According to Computerworld, Sun filed a quarterly report with the SEC on Friday which included the fact that no fewer than three shareholder lawsuits are in the works to stop the planned takeover of Sun by Oracle. The suits claim that the price is too low and that...
Updated: ANSYS OK in Q1 but lowers 2009 guidance
ANSYS announced Q1 results today, with GAAP revenue of $116.3 million coming inslightly lower than the company's earlier forecast of between $117 million and $129 millionbut still up from last year's reported $109.5 million.Like everyone else in the engineering...
Tata Nano Upscale!
know you're all very interested: Tata Motors reports that it sold more than 203,000 Nanocars for a total of 25 billion rupees (or slightly over $510 million) from April 9 to April 25, fordelivery beginning in July. Only about 20% of customers ordered the base model...
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...
Dassault Systèmes sees tough times continuing
As expected, DS reported that the economic conditions seen in the fourth quarter continuedin the first, leading to a constriction in spending on new licenses as companies scaled backimplementations. Total revenue for the quarter was EU309.7 million, up 1% as reported...
PTC Reports: Total Revenue Down 13%, Lowers 2009 Forecast on fx
PTC today reported total fiscal Q2 revenue of $225.3 million, down 13% from a year ago.License revenue was down a staggering 46% to $42.1 million; maintenance at $122.6million was down 1% and services at $60.6 million was actually up slightly over last year.Not...
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 them.I attended...
Updated: AVEVA sees tough times ahead as license revenue falls.
AVEVA has announced that it expects to report record revenue for the year ended March 312009, but that delays in new projects by the company's core vertical customers will result ina 30% to 40% decline in initial license revenue for the 2009/2010 fiscal year. In...
Surprise! Oracle buys Sun
It hit the wires this morning: Oracle has agreed to pay $9.50 a share for Sun, a transactionthe companies have valued at $5.6 billion, excluding Sun's cash and debt. The deal givesOracle the ability to sell hardware as well as its database technology -- and perhaps...
WSJ says venture capital at 11-year low
The Wall Street Journal today has a bunch of stats related to investment by venture firmsover the last several months. A quick summary: In Q1 2009, VCs invested only half asmuch as a year ago -- still close to $4 billion but the lowest amount since 1998. Thenumber of...
Dassault Systèmes reports a tough Q1
Dassault Systèmes reported that Q1 revenue was around EU310 million, far lower than theearlier target of EU325 million to EU335 million. Said CEO Bernard Charlès in a preparedstatement, "Revenue grew a modest 1% year-over-year, as the business environment,...
Intel thinks we’ve bottomed out
Earnings season is slowly starting. No, Intel is not a PLM company, but it is an importantindicator of global demand. Intel today reported first quarter revenue of $7.1 billion, operatingincome of $670 million and net income of $647 million. The net is far higher than...
Every PLM vendor hearts unemployed engineers and designers!
A bit of an editorial: After yesterday's barrage of offers of help for unemployed designers andengineers (following the trickle of offers earlier in the year), I asked around to see if anyother vendors were embarking on similar programs. I somehow missed Bentley's...
Solidworks cares about displaced workers, too!
SolidWorks announced that it is giving back to loyal users and helping them hone theirskills as they face tough competition in the job market. Originally mentioned at SolidWorksWorld in February but activated this week, SolidWorks' Engineering Stimulus Packageoffers a...
Take-aways from Autodesk Investor Day
I was unable to listen to the entire day, but found the following particularly interesting:- Autodesk is trying to help its channel partners make it to the other end of the recession, inpart by reducing the inventory they have to hold in order to remain authorized....
Autodesk launches displaced worker program
Today Autodesk formally rolls out the Autodesk Assistance Program which offers "free"software licenses, free online training, reduced-cost classroom training and discountedcertification programs for unemployed architects, designers and engineers. The...
Autodesk announces more job cuts and hires new CFO
Autodesk today announced that it has not seen any improvement in global economicconditions and therefore is further reducing its operating expenses. The company plans towring out another $100 million to $150 million, on an annualized basis. Details are still...
Rackable Systems buying SGI
Since this is from an SEC filing, I don't think it's a practical joke: Rackable Systems willbuy "substantially all the assets, except for certain excluded assets, of SGI for $25 million,subject to adjustment in certain circumstances, plus the assumption of...
AVEVA acquires instrumentation product IDO
AVEVA has announced the acquisition of iDesignOffice Pty Ltd, the Australian creator ofInstrumentation Design Office (IDO). IDO is a set of applications for creating and maintaininginstrumentation engineering data for process plants. IDO will be renamed...
President chastises GM and Chrysler
Wow. GM and Chrysler have been sent back to the drawing boards to come up with betterplans if they want more bailout money. The text of President Obama's statement aboutthe government's decision to offer a limited bailout for the GM and Chrysler includes thefollowing...
