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Technology Stocks : SDRC - Structural Dynamics Research Corp. -- Ignore unavailable to you. Want to Upgrade?

To: GARRET who wrote (857)	9/11/1998 7:05:00 AM
From: Jerry Rush	Respond to of 946

Garret: 1.) Don't know what to make of the PMTC / Airbus deal... Well, guess I always have opinions: This is important for PMTC. They have to count on existing customers for sales of Windchill. We also know that PMTC has in the past put pressure on customers to announce agreements... and this is called a "partnership," not a "sale." And the comment about being "...best in class and years ahead of any competitor" is preceded by, "Our ... continuing involvement in the development of Windchill." ...Of course I'm long a competitor, but that indicates to me that Windchill is still not a complete product. 2.) No stock buyback. The Board of Directors is opposed to that. CFO tried to push it, but Board wouldn't go for it. 3.) Yes. The lawsuit was settled out of court. Ford is reported to be pleased with the outcome. Details have never been made public (to my knowledge). 4.) I know nothing about the options. Been busy and not keeping up much lately. New news out today on SDRC too. Sounds just a little bit like damage control. (to add 5-cents of non-recurring income) If MTSC wasn't so large (about same size as SD) I might have thought this was a potential acquisition that got restructured after the fall of stock price. Hard for me to evaluate this news. Anyone inside the industry have comments? Jerry

To: GARRET who wrote (857)	9/11/1998 7:16:00 AM
From: Jerry Rush	Read Replies (1) \| Respond to of 946

The Feb. Options: Good gamble. Jan. 26 was the date of last years earnings. So the Feb. call buyer is probably counting on that. It gives the company two more quarterly numbers to get their act together. And being out-of-the-money, the calls are probably cheap. ( I didn't check ) Only problem with this strategy is that often when call interest is high, the price "magically" moves to make the calls worthless by expiration date -- or nearly so. Of course, the buyer probably doesn't intend to hold that long, anyway. Jerry