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Technology Stocks : PTC -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (2330)	7/9/1999 6:09:00 AM
From: robert burr	Read Replies (2) \| Respond to of 3646

The S&P ranking may explain some of the recent volume. Bob Burr

To: Ram Seetharaman who wrote (2330)	7/9/1999 10:13:00 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 3646

Here's the pre-announcement....guess they decided to cover their butts when they realized their private phone calls last week got out.... Jerks!! WALTHAM, Mass.--(BUSINESS WIRE)--July 9, 1999--Parametric Technology Corporation (NASDAQ:PMTC.O) today announced that for the third quarter ended July 3, 1999 it expects revenue to be sequentially higher than its second quarter revenue of $263.2 million, but approximately 5% below the Wall Street consensus estimate of $280 million. The company expects earnings per share for the third quarter to be approximately $0.13 - $0.15 including amortization charges associated with acquisitions ($0.15 - $0.17 excluding amortization charges). The company will announce its third quarter financial results on July 20, 1999, before the market opens. Steven C. Walske, chairman and chief executive officer, commented: "We made excellent progress this quarter; however, our transition to a more strategic, solutions-oriented selling approach has taken longer than expected to reach full productivity. The sales process with larger accounts is more time-consuming and often less predictable, and some of the major deals we were working on did not close in Q3. However, these deals, which represent more than $100 million in business opportunity to us, do remain an active part of our sales pipeline entering Q4." He added, "We were especially pleased with the performance of Windchill, our product and process lifecycle management software. Preliminary information indicates that Windchill-related revenue doubled in Q3 over the prior quarter to approximately $25 million, and the company received significant commitments from several companies, including Lockheed Martin Astronautics, Omron Electronics and Hutchinson Technology. We're hopeful that this sequential growth will be repeated in the fourth quarter." Walske concluded: "Given the performance of Windchill in Q3 and the level of business activity the company is currently involved with, we remain very encouraged by our business outlook entering the fourth quarter."