10 % decline in revenues is no big deal, if they can make up later. If they don't make up stock won't even see $ 15.
Here is some more PR stuff!
Thursday April 6, 12:36 pm Eastern Time
Company Press Release
PTC Announces Worldwide Collaboration Centers
First Center Unveiled in Boston Area Features HP VISUALIZE Immersive Environment
WALTHAM, Mass.--(BUSINESS WIRE)--April 6, 2000--PTC (NASDAQ:PMTC - news), the leading provider of collaborative product commerce (CPC) solutions, today announced its first worldwide collaboration center. The center, built in conjunction with Hewlett-Packard Company (HP), is designed to help manufacturing companies, their product designers and engineers, business partners, and suppliers understand how CPC and the Internet is transforming traditional manufacturing business models.
Visitors to the collaboration center will understand the role of the Internet in manufacturing today and participate in industry-specific examples of how companies can find, organize, and use critical product-related information in a virtual business enterprise. The first center, located in the Waltham, Mass., headquarters of PTC, coordinates HP's Internet-based infrastructure, particularly its hardware, services, and VISUALIZE Center technology with PTC's powerful CPC solutions to fully exemplify the uses of CPC in manufacturing companies. A second collaboration center, again developed with HP, will be opened later this year in Europe.
``Our strategic relationship with HP allows us to showcase PTC's CPC vision to visiting customers from around the world in a state-of-the-art, real-world immersive environment,' explained Ronald Locklin, vice president of worldwide alliances at PTC. ``Visitors to the worldwide collaboration centers will be able to understand how PTC's solutions allow them to collapse the time and distance between themselves and their customers, partners, and suppliers.'
The collaboration center in Waltham and subsequent global centers highlight how customers can upgrade and extend their intranets, access legacy applications and empower non-engineers to visualize engineering data through their Web browsers to collaborate across the extended enterprise.
Designed using advanced visualization and computing technology from HP, the center features a 20'x 6' Immersive Visualization PowerWall driven by HP VISUALIZE J5000 workstations with three HP VISUALIZE fx6 graphics pipes. The HP VISUALIZE workstations provide the collaboration center with the computing and 3D graphics power necessary for engineers to interact with complete digital prototypes on a life-size scale and share them across the extended enterprise.
The collaboration center employs additional HP hardware combined with PTC's Windchill Info*Engine to validate how preeminent manufacturers can solve one of their greatest concerns: integrating and accessing information managed by legacy, incumbent and ERP systems in order to accelerate time-to-market.
``At PTC's collaboration center, featuring HP's visualization and graphics technology, customers can develop competitive strategies for implementing Web-based CPC solutions, as well as experience the same design review environment used by many of the world's leading manufacturers,' said Jim Zafarana, worldwide marketing manager for HP's Technical Computing Division. ``Together with PTC, we can offer solutions that prepare our joint customers to take full advantage of the Internet and reap the benefits in the world of collaborative product commerce.'
More than 50 customers and partners from world-class manufacturing industries including aerospace, automotive, telecommunications, and heavy machinery have already taken advantage of PTC's collaborative center. ``We are excited that this facility will help our manufacturing customers understand how they can leverage these powerful solutions to embrace and maximize the opportunities the Internet has to offer,' said Barry Cohen, PTC's executive vice president for marketing.
About PTC's Web-based Collaboration Solutions
Focused on all phases of a product's lifecycle -- from concept and definition to production, service, maintenance, and retirement -- Windchill advances collaborative product commerce (CPC) initiatives by allowing manufacturers to collaborate over the Internet with their customers, suppliers, and partners throughout the product development and delivery process. Windchill's unique Web-based approach springboards manufacturers into the Internet age, enabling them to capitalize on enterprise expertise, customer knowledge, and supplier innovation while accelerating the global introduction of innovative products to market with reduced risk and lower costs.
About PTC
PTC (Parametric Technology Corporation), founded in 1985 and headquartered in Waltham, Mass., USA, develops, markets, and supports collaborative product commerce (CPC) solutions that help manufacturing companies shape innovation and achieve sustainable competitive advantage in the Internet age. These B2B e-commerce solutions employ powerful Web-based collaboration and flexible engineering technologies to streamline product development and delivery processes. PTC's software solutions are complemented by the strength and experience of PTC Global Services, which provides training, consulting, support, and e-commerce services to customers worldwide. With PTC's CPC solutions, manufacturers can take advantage of the Internet to improve product quality, reduce costs, and shorten time-to-market cycles. In its fiscal year ended September 30, 1999, the company achieved more than $1 billion in revenue. PTC can be reached at 781-398-5000, or via the Web at ptc.com.
About HP's Technical Computing Division
HP's Technical Computing Division is the world's leading provider of real-world application compute power and innovative, high-performance graphics that enable advanced interactive visualization and rapid virtual prototyping. Designer productivity is the division's primary objective. Consistent delivery of unmatched enterprisewide technical-computing solutions has made the Technical Computing Division a leader in the most demanding technical markets, helping the world's engineers, scientists and artists resolve the toughest design problems.
More information about the HP VISUALIZE workstation family and its technical-computing range is available on the Web at hp.com.
Parametric Technology Corporation, Info*Engine, and Windchill are registered trademarks and all names in the PTC product family as well as the PTC logo are trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.
--------------------------------------------------------------------------------
Contact:
PTC
Investor Relations: Public Relations:
John W. Hudson Rhonda Amo
(781) 398-5561 (651) 765-3065
jhudson@ptc.com ramo@ptc.com |
