How Goes It, PTC? Dassault?

From last week's conference calls with financial analysts:

PTC

Despite the potential impact of a slowing economy in 2008, we are confident in our ability to achieve our fiscal 2008 revenue target. Why? Approximately half of our expected 13% revenue growth for the year is expected to come from the CoCreate acquisition, which is performing very well. The remaining half of the expected growth implies approximately 6% year-over-year organic growth.

Dassault

What you can see here is the deviation between February revenue objective and this new objective, where essentially there is no other trend than this dollar-to-euro conversion rate which has an impact to €42 million...