PTC: Thin Skins, Soft Hearts
I got a call a few minutes ago from a kindly PTC employee. She was concerned by our recent coverage of PTC's most recent financial report. (See "PTC: Execution Begins at Home.") While she could not fault our facts, our conclusions were troublesome. And she thought that perhaps we were blaming the rank-and-file employees at PTC for the company's current weak performance.
So, for the record, let's be clear about our haughty contempt. The Editorial We blame senior management and only senior mangement for neglecting to see what went wrong until it was too late to do anything about it. It's a chain of command thing, as my nephew the deputy sheriff likes to say. If you think we are cranky here, just wait until you read CADCAMNet's coverage of PTC's quarterly report ("PTC Responds to Lackluster Quarter with 200 Layoffs and a Tax Maneuver.")
And since those few individuals are too important to read drivel like this, we close with today's news photo.
PTC CEO Dick Harrison finally notices things aren't going so well.
