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by Diane Himes, MA Editorial Staff
Posted on Monday, December 01, 2008 5:27:27 PM Sign Up to receive Daily News Alerts in your E-mail Inbox   | Abstract: | The independent purveyor of PLM apps expands its share repurchase program and talks up acquisitions. |
| Keywords: | PTC shares, PTC outlook |
PLM software provider Parametric Technologies Corp. (PTC) today announced an expansion of its share repurchase program and other investment initiatives, reflecting continued business confidence despite the widespread economic malaise dragging down sales at many enterprise software vendors.
PTC’s board of directors has increased the company’s share repurchase authorization from $50 million to $100 million, the company said.
“The decision to expand our share repurchase program reflects the confidence of both management and our board of directors in the long-term opportunity for PTC," said the company’s President and CEO Dick Harrison in a statement.
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