PTC Message Board - Msg: 11983585

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Technology Stocks : PTC

PTC 177.42

+0.5%

3:59 PM EST

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To: Box-By-The-Riviera™ who wrote (2836)	11/18/1999 11:50:00 AM
From: BMcV	Read Replies (1) of 3646

Glad you're still around, Joel-- here's more on the upgrade from Reuters: *SOUNDVIEW UPS PARAMETRIC<PMTC.O> TO STRONG BUY FROM HOLD, SETS 38 PRICE TARGET NEW YORK, Nov 18 (Reuters) - SoundView Technology Group Inc.'s director of research Russ Crabs said Thursday he raised his rating on software maker Parametric Technology Corp. <PMTC.O> to strong buy from hold and set a $38 price target. -- Shares of Parametric were up 3-3/4 trading at 25-3/5 on the Nasdaq stock market. -- Crabs said for the past five quarters Parametric has been transforming itself from a 'one-trick pony' to a potential electronic-commerce thoroughbred with its Web software product, Windchill. -- Crabs said he believes momentum with Windchill sales and the growing robustness of the Windchill business-to-business product offering is cause to value the stock differently.

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