Here's the goldman note.... what took her so long... must be a pain freak.... we suffered and predicted all of this ages ago....
NEW YORK (Dow Jones)--Parametric Technology Corp. (PMTC) shares lost ground
Monday after Goldman Sachs & Co. analyst Laura Conigliaro issued a cautious note
on the supplier of product development automation software.
Parametric shares recently changed hands at 18 11/16, down 2 3/8 or 11.3%, on
volume of 6.1 million shares, compared with an daily average of 5 million.
In the note, Conigliaro wrote that the company's core business is "still
unstable." She cited several large orders the company was "scrambling" to close
on March 31, including Airbus Industrie (F.ABI); turnover in the sales force;
and a business model that favors large customers over small ones, which added
burden to the "normal back-end loaded nature of the quarter."
Conigliaro wrote: "However the company is ultimately to be valued, it first
needs to convince investors about the stability of the ongoing businesses."
Company officials could not be reached for comment. A voice recording by Vice
President of Investor Relations John Hudson at the company's Waltham, Mass.,
headquarters said: "A note to investors. PTC is now in an end of quarter quiet
period. We will not comment on the state of business until the company
officially reports its results for the quarter on Tuesday, April 18, before the
market opens."
-Laura Elizabeth Pohl, Dow Jones Newswires, 201-938-5392 |
