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

To: Ram Seetharaman who wrote (2697)	10/21/1999 11:22:00 AM
From: Paul Lee	Read Replies (1) \| Respond to of 3646

new 5 mil order PTC Receives $5.5 Million Order for Software and Services from Tyco Electronics Corporation; Tyco Electronics to Standardize on PTC i-Series WALTHAM, Mass.--(BUSINESS WIRE)--Oct. 21, 1999--Parametric Technology Corporation (NASDAQ:PMTC) today announced that it has received a $5.5 million order for software and services from Tyco Electronics Corporation, the world's leading supplier of electrical and electronic connection devices. With this order, the Harrisburg, Pa. based division of Tyco International Ltd., will standardize on PTC i-Series product development design automation technology including Pro/ENGINEER and Pro/MECHANICA. The software, which was shipped to the company during PTC's fourth fiscal quarter (ended September 30, 1999), will be implemented over the next five years. Tyco Electronics Corp., a PTC customer since 1994, is the world's leading supplier of electrical and electronic connectors and interconnection systems. In addition to Pro/ENGINEER and Pro/MECHANICA, Tyco Electronics currently uses PTC's product data management tools as well as InPart, PTC's Internet-based portal of more than 650,000 3D mechanical CAD models with over 13 million technical specifications. "Our goal is to establish Tyco Electronics as the premier shared services group within Tyco for engineering software and services. We have standardized on Pro/ENGINEER so that we can have a solid foundation for an innovative and cost-effective product development process," said Ron Vance, Vice President and Chief Information Officer, Tyco Electronics.

To: Ram Seetharaman who wrote (2697)	10/21/1999 11:25:00 AM
From: Paul Lee	Read Replies (2) \| Respond to of 3646

Parametric Technology Corporation Announces Strategic Alliance with SupplierMarket.com Enabling PTC Customers to Leverage the Internet to Shorten the Procurement Process WALTHAM, Mass.--(BUSINESS WIRE)--Oct. 21, 1999--Parametric Technology Corporation (PTC) (NASDAQ:PMTC) today announced an alliance with SupplierMarket.com, a leading online marketplace for built-to-order manufactured parts. As a result of this agreement, users of PTC's Windchill enterprise product and process lifecycle solution will be able to directly access the SupplierMarket.com RFQ Builder (request for quote) and online marketplace, enabling competitive Internet-enabled bidding and optimal sourcing of built-to-order parts across the extended supply chain. Users of the SupplierMarket.com marketplace source and sell built-to-order products such as fasteners, metal stampings and screws. The SupplierMarket.com Internet marketplace improves the purchasing and procurement processes for manufactured products, delivering benefits to both buyers and suppliers. "By using the SupplierMarket.com marketplace, our customers will be able to significantly reduce their cycle times and procurement costs," said Jim Baum, PTC executive vice president, engineering, research and development. "This alliance strengthens our ability to deliver value to our customers via the Internet. By linking engineering designs developed in Windchill directly to the SupplierMarket.com marketplace, customers will be able to establish opportunistic supplier relationships that improve profitability." "This agreement gives Windchill users increased opportunity to save time and money in procuring built-to-order parts," said Asif Satchu, SupplierMarket.com co-founder and president. "Our alliance with a leading-edge technology supplier such as PTC is key to maintaining our position as a leading online marketplace."