PTC Sale Price: Save 50% Today!
When rumors first circulated of Parametric Technology Corp celebrating its 20th anniversary by putting itself up for sale, the whispered price tag was around $2.4 billion.
Since then, the slithering tentacles of sub-prime mortgage greed has chocked off share prices, along with that of PMTC. Today, you can buy the company for half the original asking price. As of this hour, the market value of PTC is $1.21 billion.
Another couple weeks of sliding share prices, and Autodesk'll be able to pay cash.
Autodesk already has a better package than Solidworks and why buy PTC? It doesn't fit with their message or direction product wise.
Posted by: Rick | Nov 26, 2008 at 09:58
Autodesk is losing possitions against SolidWorks, this is only a sweet gift to Autodesk by PTC, even with this purchase, Autodesk will be always a 2D
Posted by: Vic Gall | Nov 18, 2008 at 12:12
I heard this story is 100% BS...and since I can't find it anywhere else...it must be.
Posted by: JoJo | Nov 17, 2008 at 12:54
What is the value? Why not leave them there to suffer as they have for so long? I would say it is better for all if PTC stayed a competitor. Autodesk could not swallow PTC even though they might be able to afford them. Autodesk is anti PLM and PTC is all about PLM... so how do the parts fit togehter? Does Autodesk delete Windchill and keep on Pro? Does Autodesk join the PLM ranks?
Why not leave them there is just compete?
Posted by: chris | Nov 17, 2008 at 07:06
Good time for Autodesk to give right punch to SolidWork, Autodesk need to utilise this opportunity to get the edge over SolidWorks.
Posted by: Kishore Nellutla | Nov 14, 2008 at 20:32
That would be an exciting acquisition because Autodesk would then own a better 3D CAD tool than SolidWorks (not to mention PLM).
I have yet to see even the slightest real evidence of PTC's interest to sell though, and the rumours started flying only near the end of PTC's fiscal year. It smells like competitor FUD.
Posted by: Rob VH | Nov 14, 2008 at 12:01
You just posted that Autodesk is tanking http://worldcadaccess.typepad.com/blog/2008/11/adsk-yup-theres-a-recession.html
Meanwhile PTC had a record Q4 and a record FY08 and Dick Harrison is on FOX News telling the country not to freak out. http://www.youtube.com/watch?v=KrDRMfUVYpg
Posted by: Brian | Nov 14, 2008 at 06:04
How do you figure? B/c of market cap at 1.34B? MC is not enough to value an enterprise. You at least need to add debt and preferred shares, while subtracting cash and cash equivalents.
Posted by: Jim | Nov 13, 2008 at 20:14
>Autodesk'll be able to pay cash.
For what exactly?
Posted by: | Nov 13, 2008 at 15:09
Reckon it will slide enough in time for AU? HO HO HO
Posted by: al dean | Nov 13, 2008 at 14:39