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Jan 28, 2009



Now we know why they tried to sell it when they did. Not that we didn't know that before...

Mr. Chan

1. Reducing the rate of hiring.
we should think what kind of people they are hiring. if they don't hire more saleperson, less income

2. Eliminating 260 jobs (about 5%).
people will think PTC has problem and cut off some stuff (sale, support, R&D). how can provide good technical support to PTC customer.

3. Postponing annual merit increases.
what a CEO talk ~~~

4. Reducing travel expenses.
nothing is one-time-close order. sale person and engineer need to visit customer many time to completed the purchase order. they cut the travel expenses, salesman how to sale with heart


PTC has had its day in the sun. They've got good code but have seemingly refused to change with the times.

With the other "options" out there at costs well below theirs, it will not be long before more realize they can get the same for less.

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