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Business Description
Parametric Technology Corporation (PTC) develops, markets and supports collaborative product development (CPD) software solutions that help manufacturers improve the competitiveness of their products and product development processes. The Company's solutions, which include a suite of mechanical computer-aided design tools (the Company's design solutions) and a range of Internet-based collaboration technologies (the Company's collaboration and control solutions), enable manufacturing companies to create virtual computer-based products (digital products), collaborate on designs within the enterprise and throughout the extended supply chain, and control the digital product information throughout the product lifecycle.The Company's CPD solutions are complemented by its systems integrators, resellers and strategic partners.

Financial Information
Parametric Technology, Inc. markets and supports collaborative product commerce and flexible engineering solutions that help companies shape innovation and achieve competitive advantage. For the nine months ended 6/29/02, revenues fell 20% to $567.4 million. Net loss totaled $42.8 million vs. an income of $16.7 million. Revenues reflect decreased sales of Windchill-based solutions. Net loss also reflects an increase in cost of revenues as a percentage of sales.