3D CAD NEWS

I just noticed that Autodesk has moved up the date scheduled for the release of its Second Quarter Financial Report for Fiscal Year 2009. The report was scheduled for August 28, but is now August 14.

Nobody moves a BAD report forward, so this may be an interesting report in a good way for them. The last few certainly have been good.

While on the subject of Autodesk financials, I have noticed a lot of repositioning lately among institutional holders of Autodesk stock. One day an institutional holder will announce (by law) that they are liquidating their stake in Autodesk, the next day another Institutional holder announces they are buying a chunk of Autodesk stock. If we were seeing only selling or only buying, such announcements would send a signal. But because they are both happening at the same time, and because this is the time of the year such changes are often made (when stocks are historically less apt to jump up and down in price). it tells me institutional investors see this as a good time to take their gains and to establish new positions in the stock. In other words, it’s all good news.