Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Box-By-The-Riviera™ who wrote (3233)	4/3/2000 2:54:00 PM
From: JDN	Read Replies (2) \| Respond to of 3646

Dear Joel: Here is the second leg, doesnt seem too convincing as to the stability of core product. JDN PTC Announces Preliminary Second Quarter Results WALTHAM, Mass.--(BUSINESS WIRE)--April 3, 2000--PTC (NASDAQ: PMTC) today announced that for the second quarter ended April 1, 2000, it expects revenue to be approximately 15% below the Wall Street consensus estimate of $268 million. The company expects that its earnings per share for the second quarter will be either break-even or perhaps a small loss, including amortization charges associated with acquisitions. This compares to a Wall Street consensus estimate of $0.09 per share including amortization charges. C. Richard Harrison, president and chief executive officer, commented: "PTC has brought to market a comprehensive set of solutions for Web-based collaboration and flexible engineering; however, our distribution efforts have not fully realized the opportunities available to us. We continue to find that transitioning our sales efforts to a solutions-oriented, multi-product business model is extremely challenging. Balancing our sales 'capacity' between Pro/ENGINEER and Windchill -- sustaining the traditional core of our business while building up an exciting new product area -- has created a situation where predicting the quarter-to-quarter license business has become difficult. "Preliminary information indicates that license revenue from our MCAD (mechanical computer-aided design) product line fell short of our expectations as our sales force focused on the business-to-business e-commerce opportunities presented by Windchill. Windchill revenue for the second quarter will be approximately $40 million, up dramatically from $12 million a year ago, but below our own expectations of about $55 million due to the inability to close some large deals by quarter end." "We are clearly disappointed with these preliminary results and continue to face uncertainty with respect to our overall near-term prospects. However, we are encouraged by the continued acceptance of Windchill in the marketplace and believe that the overall collaborative product commerce (CPC) market represents a vast opportunity." PTC expects to announce final results for the second quarter on Tuesday, April 18, before the market opens. On that day, the company will hold a conference call to discuss its results at 10 a.m. Eastern.