2008 Portfolio
Key:
► = New to the index
+ = New to this sector
c = Change due to an acquisition
m = Moved from another sector
$ = Funds held in reserve, allocated to purchase this companies stock if it goes public

Note: The table below shows the index at the beginning of the 2008 period (Dec 27, 2007 through Dec 24, 2008). The number of shares and share prices listed do not reflect any stock splits during the period.

  Name Symbol Exchange Weight Shares  Price on
12/26/07
in local
currency 
 Market Cap
(millions) 
P/E
Ratio
 
  AEC SOFTWARE     25%          
  Adobe ADBE NASDAQ 1 429 $42.81 $24,518 35.4  
  Autodesk ADSK NASDAQ 10 3,686 $50.02 $11,490 34.3  
DELTEK PROJ NASDAQ 2 2,324 $15.86 $655 28.9  
  Google GOOG NASDAQ 2 51 $699.25 $216,323 55.0  
  Nemetschek DE:NEM Frankfurt 4 2,360 € 21.55      
  Sage Group PLC SGE LSE 1 4,046  229.8p      
Tekla DE:TKBA Frankfurt 3 3,179 € 12.00      
  Trimble Navigation TRMB NASDAQ 1 596 $30.88 $3,668 32.6  
$ Bentley (CASH RESERVE)     8  $147,545        
                   
  MECH SOFTWARE     40%          
           
  CAD     40% of MECH SOFTWARE  
  Autodesk ADSK NASDAQ 10 2,096 $50.02 $11,490 34.3  
  Dassault Systemes DASTY NASDAQ 9 1,582 $59.65 $6,894 26.8  
  Kubotek DE:603187 Frankfurt 2 43 € 325.00 € 45    
  Parametric Tech PMTC NASDAQ 7 4,050 $18.13 $2,069 14.8  
Siemens SI NYSE 8 528 $158.48 $143,859 26.8  
           
  CAE     20% of MECH SOFTWARE  
  Ansoft ANST NASDAQ 3 432 $26.13 $605 29.5  
  Ansys ANSS NASDAQ 12 1,094 $41.36 $3,246 52.0  
  Dassault Systemes DASTY NASDAQ 8 505 $59.65 $6,894 26.8  
  ESI Group FR:ESI Paris 3 867 € 9.00 € 53 22.6  
  Flomerics FLO LSE 1 3,607  52.8p      
  MoldFlow MFLO NASDAQ 2 469 $16.07 $194 22.5  
  MSC.Software MSCS NASDAQ 8 2,316 $13.04 $579.45 94.9  
  MTS Systems Corporation MTSC NASDAQ 1 100 $44.20 $755 18.9  
c Siemens SI NYSE 6 142 $158.48 $143,859 26.8  
           
  CAM/RAVDA     15% of MECH SOFTWARE  
  Adobe ADBE NASDAQ 1 99 $42.81 $24,518 35.4  
  Cimatron Ltd. CIMT NASDAQ 2 3,120 $2.75 $22 13.7  
  Dassault Systemes DASTY NASDAQ 10 718 $59.65 $6,894 26.8  
  Delcam GB:53059 LSE 5 4,705  230.0p      
  ESI Group FR:ESI Paris 2 656 € 9.00 € 53 22.6  
  Parametric Technology PMTC NASDAQ 3 709 $18.13 $2,069 14.8  
c Siemens SI NYSE 10 269 $158.48 $143,859 26.8  
           
  cPDM     20% of MECH SOFTWARE  
  Dassault Systemes DASTY NASDAQ 7 614 $59.65 $6,894 26.8  
  EMC EMC NYSE 1 285 $18.31 $38,880 25.9  
c Oracle Corporation ORCL NASDAQ 8 1,822 $23.01 $115,984 25.1  
  PTC PMTC NASDAQ 9 2,603 $18.13 $2,069 14.8  
  SAP SAP NYSE 1 100 $51.67 $61,456 21.7  
c Siemens SI NYSE 10 330 $158.48 $143,859 26.8  
           
  RP     5% of MECH SOFTWARE  
  3D Systems Corporation TDSC NASDAQ 10 1,520 $15.52 $342 ---  
  Stratasys, Inc. SSYS NASDAQ 10 862 $27.34 $543 42.8  
                   
                   
  CHANNEL and SERVICES     3%          
  Avatech AVSO OTC BB 8 21,411 $0.90 $15 0.0  
  EDS EDS NYSE 4 460 $20.89 $10,616 14.9  
GSSL GEOMETRIC:NS NSE 3 3,241 Rs. 87.70      
  IBM IBM NYSE 10 219 $109.41 $148,957 16.6  
Infosys INFY NASDAQ 3 153 $46.64 $25,910 25.7  
  Mensch und Maschine DE:658080 Xetra 8 2,240 € 5.93 € 76    
  Oracle Corporation ORCL NASDAQ 6 627 $23.01 $115,984 25.1  
Tata Consultancy TCS.NS NSE 3 257 Rs. 1,099.20      
  TechData TECD NASDAQ 1 62 $37.82 $2,092 22.3  
Wipro Wit NYSE 3 458 $15.74 $21,537 27.8  
                   
  GIS SOFTWARE     10%          
  Autodesk ADSK NASDAQ 10 739 $50.02 $11,490 34.3  
  Eastman Kodak EK NYSE 1 169 $21.76 $6,298 ---  
  General Electric GE NYSE 1 100 $37.13 $374,637 17.3  
  Google GOOG NASDAQ 8 41 $699.25 $216,323 55.0  
  Hitachi HIT NYSE 1 49 $73.40 $24,316 85.8  
  Navtech NVT NYSE 3 146 $75.40 $7,445 48.4  
  Trimble Navigation TRMB NASDAQ 8 958 $30.88 $3,668 32.6  
$ ESRI (CASH RESERVE)     10  $ 37,030        
$ Intergraph (CASH RESERVE)     7  $ 25,920        
$ Paradigm (CASH RESERVE)     2  $ 7,405        
                   
  PLANT SOFTWARE     8%          
  Aspen Technology Inc. AZPN NASDAQ 10 1,917 $16.41 $1,429 71.4  
  Autodesk ADSK NASDAQ 7 439 $50.02 $11,490 34.3  
  Aveva AVV LSE 8 1,310  968.6p      
  Dassault Systemes DASTY NASDAQ 5 262 $59.65 $6,894 26.8  
  E.ON EON LSE 2 32  9,408.1p      
  Invensys plc ISYS NASDAQ 1 706  224.3p £218    
  Parametric Technology PMTC NASDAQ 4 693 $18.13 $2,069 14.8  
c Siemens SI NYSE 5 100 $158.48 $143,859.00 26.8  
$ Bentley (CASH RESERVE)     8  $ 25,180        
$ Intergraph (CASH RESERVE)     10  $ 31,475        
                   
  ECAD     8%          
  Ansoft ANST NASDAQ 6 832 $26.13 $605 29.5  
  Cadence Design CDNS NASDAQ 10 2137 $16.98 $4,572 22.7  
  Electroglas Inc. EGLS NASDAQ 1 2016 $1.80 $44    
  Magma LAVA NASDAQ 5 1479 $12.27 $505    
  MEMSCAP FR:MEMS Paris 1 191 € 13.00 € 70    
  Mentor Graphics MENT NASDAQ 8 2664 $10.90 $967    
  MIPS Tech MIPS NASDAQ 3 2200 $4.95 $218    
  PDF Solutions PDFS NASDAQ 3 1150 $9.46 $253    
  Synopsys SNPS NASDAQ 9 1263 $25.85 $3,809 29.7  
  Synplicity SYNP NASDAQ 2 1305 $5.56 $155 36.2  
  Virage Logic VIRL NASDAQ 3 1288 $8.45 $196    
  Xilinx XLNX NASDAQ 1 164 $21.91 $6,430 20.0  
                   
  HARDWARE     3%          
  Advanced Micro Devices AMD NYSE 8 848 $7.41 $4,159    
  Apple AAPL NASDAQ 10 38 $198.76 $173,427 50.8  
  Canon Inc. CAJ NYSE 2 33 $46.27 $58,166 14.1  
  Cisco CSCO NASDAQ 2 56 $27.35 $164,232 21.8  
  Dell DELL NASDAQ 10 315 $24.88 $54,927 18.8  
  Eastman Kodak EK NYSE 1 35 $21.76 $6,298    
  FARO Technologies, Inc. FARO NASDAQ 5 139 $28.00 $451 31.2  
  Fujitsu Limited FJTSY OTC 1 22 $33.50 $13,656    
  Hewlett-Packard HPQ NYSE 12 182 $51.42 $129,929 19.1  
  Hitachi HIT NYSE 1 9 $73.40 $24,316 85.8  
  Immersion Corp IMMR NASDAQ 1 60 $12.81 $390 3.2  
  Intel INTC NASDAQ 10 292 $26.79 $155,881 25.5  
  Lenovo Group LNVGY Pink 5 218 $17.90 $7,972 28.1  
  Logitec International, SA LOGI NASDAQ 3 62 $36.95 $6,653 37.7  
  Nvidia NVDA NASDAQ 10 226 $34.58 $18,901 29.9  
  Oce DE:OCE Xetra 3 130 € 12.41 € 1,083 16.4  
  Ricoh RICOY OTC BB 1 7 $90.70 $13,319 13.7  
Silicon Graphics SGIC NASDAQ 1 40 $18.90 $203    
  Sun Microsystems Java NASDAQ 3 128 $18.29 $15,022 26.7  
  Xerox XRX NYSE 1 47 $16.22 $14,966 16.2  
                   
  OTHER SOFTWARE     3%          
  Ariba ARBA NASDAQ 4 563 $11.16 $897    
  Computer Associates CA NYSE 3 183 $25.62 $12,864 46.5  
Corel CREL NASDAQ 2 310 $10.10 $270    
  Gerber Scientific GRB NYSE 1 141 $11.06 $253 19.6  
Lawson LWSN NASDAQ 1 148 $10.55 $1,825 3872.2  
Macrovision MVSN NASDAQ 1 82 $18.86 $983 25.8  
  Microsoft MSFT NASDAQ 10 438 $35.84 $333,054 23.7  
  Orbotech Ltd Ord ORBK NASDAQ 1 89 $17.41 $581 49.1  
QAD QADI NASDAQ 1 159 $9.81 $292 74.4  
Red Hat RHT NYSE 2 147 $21.15 $4,040 59.3  
Salesforce.com CRM NYSE 2 48 $63.87 $7,404 682.3  
  Software AG SOW Xetra 6 106 € 60.57      
Solera SLH NYSE 1 62 $24.95 $1,605    
  Symantec SYMC NASDAQ 6 579 $16.27 $13,998 45.6  
TIBCO TIBX NASDAQ 1 194 $8.04 $1,538 31.2  
Yahoo YHOO NASDAQ 3 196 $23.96 $31,086 45.9  
                   
                   

 

Cyon Research takes no responsibility for the accuracy or appropriateness of the Cyon Research Index. The index is put forth as a tool for analyzing the engineering software industry. We are not investment counselors. Our comments are not regulated by any government agency and we make no claims as to the predictive value of our comments. Anyone using the index as the basis of an investment strategy is a wholly unadvised risk and responsible for his/her own losses.

The Cyon Research Index Data and other Cyon Research intellectual property you access via the website may not be used as a basis for any financial instruments or products (including, without limitation, passively managed funds and index-linked derivative securities), or used to verify or correct data in any other compilation of data or index, or used to create any other data or index (custom or otherwise), without Cyon Research’s prior written permission.

Top Winners and Losers for 2008

Top Winners (any gain)
Company




% Change
from
Previous
 Year
Price on
12/24/08



52 Week
Range



Flomerics
     (acquired)
131% £ 1.22 £ 0.43  —   £ 1.22
Synplicity
     (acquired)
44% $8.00 $ 4.15  —   $ 8.00
Moldflow
     (acquired)
37% $22.00 $ 11.90  —   $ 24.45
Ansoft
     (acquired)
37% $35.71 $ 35.71  —   $ 35.71
EDS
     (acquired)
19% $24.96 $ 15.71  —   $ 25.40
NAVTEQ
     (acquired)
3% $77.97
       


Top Losers (>50% loss)
Company




% Change
from
Previous
 Year
Price on
12/24/08



52 Week
Range



Magma Design -92% $0.96 $ 0.85  —   $ 13.42
Electroglas -91% $0.16 $ 0.12  —   $ 2.06
Memscap -85% € 2.03 € 1.85  —   € 14.60
P D F Solutions -83% $1.65 $ 1.35  —   $ 9.40
Silicon Graphics -82% $3.36 $ 1.51  —   $ 23.12
Cadence Design -81% $3.23 $ 2.42  —   $ 17.08
Sun Microsystems -79% $3.82 $ 2.60  —   $ 18.14
MIPS Technologies -78% $1.08 $ 1.00  —   $ 5.08
NVIDIA -78% $7.72 $ 5.75  —   $ 34.25
Orbotech -77% $4.06 $ 2.90  —   $ 19.10
Corel -76% $2.44 $ 2.00  —   $ 11.49
Geometric Software -74% Rs. 22.40 Rs. 22.15  —  Rs. 92.75
Oce NV -74% € 3.21 € 3.00  —   € 13.88
AMD -73% $1.99 $ 1.62  —   $ 8.08
Eastman Kodak -72% $6.01 $ 5.83  —   $ 21.68
Tekla Oy -71% € 3.45 € 3.25  —   € 12.70
Lenovo -69% $5.52 $ 4.05  —   $ 18.85
Deltek -69% $4.91 $ 3.06  —   $ 15.86
Cimatron -67% $0.91 $ 0.65  —   $ 4.40
Avatech -63% $0.33 $ 0.32  —   $ 1.05
Aspen Technology -63% $6.10 $ 5.10  —   $ 15.99
Autodesk -63% $18.69 $ 12.45  —   $ 48.83
QAD -63% $3.67 $ 2.67  —   $ 9.48
Logitech -61% $14.41 $ 11.10  —   $ 36.95
Immersion -61% $5.04 $ 2.72  —   $ 13.38
Virage Logic -60% $3.34 $ 2.51  —   $ 8.50
Stratasys -59% $11.19 $ 8.77  —   $ 28.20
Lawson Software -58% $4.41 $ 2.71  —   $ 10.29
Nemetschek -58% € 9.03 € 6.35  —   € 21.90
Apple -57% $85.04 $ 79.14  —   $ 197.39
Dell -57% $10.65 $ 8.72  —   $ 26.04
Google -57% $302.95 $ 247.30  —  $ 697.37
General Electric -57% $16.11 $ 12.58  —   $ 38.52
Mentor Graphics -57% $4.73 $ 3.40  —   $ 16.00
TCS -56% Rs. 480.35 Rs. 445.80  —  Rs. 1099.20
Gerber Scientific -56% $4.87 $ 1.79  —   $ 12.64
Tech Data -56% $16.81 $ 14.14  —   $ 37.88
Siemens -55% $70.82 $ 43.89  —   $ 159.68
MSC.Software -54% $5.96 $ 5.67  —   $ 14.03
3D Systems -53% $7.24 $ 5.42  —   $ 17.94
XEROX -53% $7.63 $ 4.83  —   $ 16.43
KUBOTEK -52% € 156.07 € 156.90  —  € 619.00
Adobe Systems -51% $21.13 $ 19.49  —   $ 46.44
salesforce.com -51% $31.55 $ 20.82  —   $ 75.21

2008 Stock Splits
No splits were recorded in the Cyon Research Stock Index for the year 2008
2008 Acquisitions
Ansoft (ANST) was acquired by Ansys (ANSS) on 7/31/2008 for $832M at $16.25/share plus 0.431882 shares of ANSYS/share
EDS (EDS) was acquired by Hewlett Packard (HPQ) on 8/26/08 for $13.9 B at $25/share
Flomerics (FLO) was acquired by Mentor Graphics (MENT) on 10/9/08 for about $60 M. Mentor had owned about 29% of the company
Moldflow (MFLO) was acquired by Autodesk (ADSK) on 06/26/2008 for $297M at $22.00/share
Navteq (NAV) was acquired by NOKIA (NOK) on 7/10/2008 for $8.1B in cash at $78.00/share
Synplicity (SYNP) was acquired by Synopsis (SNYP) on 5/16/2008 for $223M at $8.00/share
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