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....

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...

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...

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...

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...

Formula One: PLM Bellwether #1

I’ve recently been researching PLM bellwethers, those groups or individuals whose use of atechnology or process portends its eventual wider adoption. Bellwethers set the stage,control early research and guide its commercialization. Formula One (F1) racing...

CD-adapco sales up 22% last year – and so far this year

We’re not quite done with earnings announcements, it appears. And maybe 2009 won’t bethe disaster everyone forecasts. CD-adapco President Steve MacDonald said the followingat the company’s annual European user conference:“In the midst of constant...

The Tata Nano: "Triumph of Indian Ingenuity"

That’s how the BBC referred to the $2000 car introduced yesterday in India. Their reporterhad a chance to test-drive the car and said it was surprisingly … not disappointing. At leastaccording to the BBC, there had been concerns that Tata’s price...

IBM buying Sun?

Sun Microsystems’ share price has nearly doubled since Wednesday on rumors that IBMis interested in acquiring the troubled hardware maker. For many old-timers Sunworkstations were the first non-proprietary hardware on which CAD software was availableand their...

Update: MSC exec change — Investors like!

Yesterday I wrote that investors seemed lukewarm to the the change in CEO and COO atMSC, with Ashfaq Munshi taking over. By the close of trading, MSC shares were up 11%and look to open "up" today signalling that shareholders have confidence in Mr. Munshi...

Happy Pi Day!

Yes, it’s that time again: tomorrow, March 14, marks Pi Day. For those who need therefresher, Pi= 3.1415926535… (3.14 — get it?) According to the day’s website, Pi Day is"celebrated by math enthusiasts around the world". Economy got...

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...

ESI Group reports steep drop-off in Q4

ESI Group today reported revenue growth of 2% to EU70.2 million for the fiscal year endedJanuary 31, 2009. Excluding acquisitions, revenue declined about 5% from fiscal2007/2008. Like other engineering software companies, business slowed dramaticallyduring Q4: ESI...

Twenty-five years of VAR success

A lot of press releases come in every day and few are all that notable. One of today’s stands out, not for its content so much as for what it represents. Autodesk is holding its annual VAR (value-added reseller) conference this week and issued a...