2009 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 2009 period (Dec 25, 2008 through Dec 24, 2009). The number of shares and share prices listed do not reflect any stock splits during the period.

  Name Symbol Exchange Weight Shares Price on
12/24/08
in local
currency
Market Cap
(millions)
P/E
Ratio
 
  AEC SOFTWARE     25%          
  Adobe ADBE NASDAQ 1 380 $21.13 $12,223 15.2  
  Autodesk ADSK NASDAQ 13 5,605 $18.69 $4,680 12.5  
+ Dassault Systemes FR:DSY Paris 1 191 € 30.00 € 3,814 21.7  
  DELTEK PROJ NASDAQ 2 3,282 $4.91 $210 8.7  
  Google GOOG NASDAQ 2 52 $302.95 $101,137 20.2  
  Nemetschek DE:NEM Frankfurt 5 3,195 € 9.03 € 99 6.8  
+ Oracle Corporation ORCL NASDAQ 4 1,860 $17.32 $92,900 16.7  
  Sage Group PLC SGE LSE 1 3,391 162.0p £2,280 13.7  
  Tekla DE:TKBA Frankfurt 3 5,018 € 3.45   ---  
  Trimble Navigation TRMB NASDAQ 1 402 $19.96 $2,666 18.2  
$ Bentley (CASH RESERVE)     8 64,477 $1.00      
                   
  MECH SOFTWARE     40%          
           
  CAD     40% of MECH SOFTWARE  
  Autodesk ADSK NASDAQ 10 3,142 $18.69 $4,680 12.5  
  Dassault Systemes FR:DSY Paris 9 1,261 € 30.00 € 3,814 21.7  
  Kubotek DE:603187 Frankfurt 2 52 € 156.07 € 21 ---  
  Parametric Tech PMTC NASDAQ 7 3,528 $11.65 $1,479 18.9  
  Siemens SI NYSE 8 662 $70.82 $67,003 30.7  
           
  CAE     20% of MECH SOFTWARE  
  Ansys ANSS NASDAQ 15 1,037 $28.28 $2,578 22.0  
  Autodesk ADSK NASDAQ 4 418 $18.69 $4,680 12.5  
  Dassault Systemes FR:DSY Paris 9 419 € 30.00 € 3,814 21.7  
  ESI Group FR:ESI Paris 3 600 € 7.00 € 39 8.3  
c Mentor Graphics MENT NASDAQ 1 413 $4.73 $479 ---  
  MSC.Software MSCS NASDAQ 8 2,627 $5.96 $306 90.0  
  MTS Systems Corporation MTSC NASDAQ 1 100 $25.90 $455.99 10.1  
  Siemens SI NYSE 7 192 $70.82 $67,003 30.7  
►$ Altair (CASH RESERVE)     6 11,748 $1.00      
           
  CAM/RAVDA     15% of MECH SOFTWARE  
  Adobe ADBE NASDAQ 1 112 $21.13 $12,223 15.2  
  Cimatron Ltd. CIMT NASDAQ 2 5,280 $0.91 $8 6.6  
  Dassault Systemes FR:DSY Paris 10 572 € 30.00 € 3,814 21.7  
  Delcam GB:53059 LSE 5 4,222 194.0p £17 9.4  
  ESI Group FR:ESI Paris 2 490 € 7.00 € 39 8.3  
  Parametric Technology PMTC NASDAQ 3 617 $11.65 $1,479 18.9  
  Siemens SI NYSE 10 338 $70.82 $67,003 30.7  
           
  cPDM     20% of MECH SOFTWARE  
  Dassault Systemes FR:DSY Paris 7 489 € 30.00 € 3,814 21.7  
  EMC EMC NYSE 1 288 $10.16 $22,163 14.7  
  Oracle Corporation ORCL NASDAQ 8 1,355 $17.32 $92,900 16.7  
  PTC PMTC NASDAQ 9 2,268 $11.65 $1,479 18.9  
  SAP SAP NYSE 1 100 $33.66 $43,470 17.2  
  Siemens SI NYSE 10 413 $70.82 $67,003 30.7  
           
  RP     5% of MECH SOFTWARE  
  3D Systems Corporation TDSC NASDAQ 10 1,824 $7.24 $181 ---  
  Stratasys, Inc. SSYS NASDAQ 10 1,180 $11.19 $213 14.2  
                   
  CHANNEL and SERVICES     5%          
  Avatech AVSO OTC BB 8 32,042 $0.33 $9 3.9  
  GSSL GEOMETRIC:NS NSE 3 8,495 Rs. 22.40      
c Hewlett-Packard HPQ NYSE 5 263 $24.96 $88,940 11.3  
  IBM IBM NYSE 10 163 $80.52 $117,378 10.3  
  Infosys INFY NASDAQ 3 156 $25.13 $14,398 11.5  
  Mensch und Maschine DE:658080 Xetra 8 2,187 € 3.46 € 49 7.7  
  Oracle Corporation ORCL NASDAQ 6 456 $17.32 $92,900 16.7  
  Tata Consultancy TCS.NS NSE 3 395  Rs. 480.35      
  TechData TECD NASDAQ 1 77 $16.81 $940 8.7  
  Wipro Wit NYSE 3 493 $8.02 $12,275 17.8  
                   
  GIS SOFTWARE     8%          
  Autodesk ADSK NASDAQ 10 1,108 $18.69 $4,680 12.5  
  Eastman Kodak EK NYSE 1 343 $6.01 $1,844 7.6  
  General Electric GE NYSE 1 127 $16.11 $179,164 8.1  
  Google GOOG NASDAQ 8 53 $302.95 $101,137 20.2  
  Hitachi HIT NYSE 1 54 $37.20 $13,099 ---  
c Nokia NOK NYSE 3 412 $15.04 $60,739 8.4  
  Trimble Navigation TRMB NASDAQ 8 830 $19.96 $2,666 18.2  
$ ESRI (CASH RESERVE)     10 20,733 $1.00      
$ Intergraph (CASH RESERVE)     7 14,513 $1.00      
$ Paradigm (CASH RESERVE)     2 4,145 $1.00      
                   
  PLANT SOFTWARE     8%          
  Aspen Technology Inc. AZPN NASDAQ 10 2,888 $6.10 $660 19.5  
  Autodesk ADSK NASDAQ 8 753 $18.69 $4,680 12.5  
  Aveva AVV LSE 8 1,679 572.0p £408 9.5  
  Dassault Systemes FR:DSY Paris 5 209 € 30.00 € 3,814 21.7  
  E.ON EON LSE 2 24 9,408.1p £52,567 12.1  
  Invensys plc ISYS NASDAQ 1 759 158.1p £215 12.5  
  Parametric Technology PMTC NASDAQ 3 452 $11.65 $1,479 18.9  
  Siemens SI NYSE 5 123 $70.82 $67,003 30.7  
$ Bentley (CASH RESERVE)     8 14,098 $1.00      
$ Intergraph (CASH RESERVE)     10 17,623 $1.00      
                   
  ECAD     8%          
c Ansys ANSS NASDAQ 6 438 $28.28 $2,578 22.0  
  Cadence Design CDNS NASDAQ 10 6,418 $3.23 $984 ---  
  Electroglas Inc. EGLS NASDAQ 1 12,957 $0.16 $5 ---  
  Magma LAVA NASDAQ 5 10,798 $0.96 $50 ---  
  MEMSCAP FR:MEMS Paris 1 730 € 2.03 € 10 ---  
  Mentor Graphics MENT NASDAQ 8 3,505 $4.73 $479 ---  
  MIPS Tech MIPS NASDAQ 3 5,758 $1.08 $55 ---  
  PDF Solutions PDFS NASDAQ 3 3,757 $1.65 $43 ---  
  Synopsys SNPS NASDAQ 10 1,160 $17.85 $2,688 14.7  
  Virage Logic VIRL NASDAQ 3 1,861 $3.34 $76 139.1  
  Xilinx XLNX NASDAQ 1 123 $16.59 $5,029 14.3  
                   
  HARDWARE     3%          
  Advanced Micro Devices AMD NYSE 10 2,096 $1.99 $1,448 ---  
  Apple AAPL NASDAQ 10 48 $85.04 $80,671 16.9  
  Canon Inc. CAJ NYSE 2 26 $30.00 $39,581 8.6  
  Cisco CSCO NASDAQ 2 50 $16.35 $99,302 12.8  
  Dell DELL NASDAQ 12 469 $10.65 $20,903 7.8  
  Eastman Kodak EK NYSE 1 68 $6.01 $1,844 7.6  
  FARO Technologies, Inc. FARO NASDAQ 5 136 $15.18 $293 14.6  
  Fujitsu Limited FJTSY OTC 1 16 $23.75      
  Hewlett-Packard HPQ NYSE 12 143 $34.68 $88,940 11.3  
  Hitachi HIT NYSE 1 10 $37.20 $13,099 ---  
  Immersion Corp IMMR NASDAQ 1 81 $5.04 $163 ---  
  Intel INTC NASDAQ 10 292 $14.23 $84,542 12.1  
  Lenovo Group LNVGY Pink 8 603 $5.52 $2,662 7.0  
  Logitec International, SA LOGI NASDAQ 3 85 $14.41 $2,868 10.1  
  Nvidia NVDA NASDAQ 8 431 $7.72 $4,678 14.2  
  Oce DE:OCE Xetra 3 278 € 3.21 € 279 7.6  
  Ricoh RICOY OTC BB 1 6 $57.10 $9,283 9.9  
  Silicon Graphics SGIC NASDAQ 1 123 $3.36 $37 ---  
  Sun Microsystems Java NASDAQ 3 326 $3.82 $3,117 ---  
  Xerox XRX NYSE 1 53 $7.63 $7,254 12.6  
                   
  OTHER SOFTWARE     3%          
  Ariba ARBA NASDAQ 4 525 $6.69 $644 ---  
  Computer Associates CA NYSE 3 144 $18.11 $9,796 15.7  
  Corel CREL NASDAQ 2 721 $2.44 $78 13.9  
  Gerber Scientific GRB NYSE 1 179 $4.87 $123 7.5  
  Lawson LWSN NASDAQ 1 198 $4.41 $795 160.6  
  Macrovision MVSN NASDAQ 1 77 $11.26 $1,373 37.6  
  Microsoft MSFT NASDAQ 10 458 $19.17 $180,847 10.7  
  Orbotech Ltd Ord ORBK NASDAQ 1 216 $4.06 $134 ---  
  QAD QADI NASDAQ 1 239 $3.67 $124 116.8  
  Red Hat RHT NYSE 2 134 $13.00 $2,683 34.6  
  Salesforce.com CRM NYSE 2 54 $31.55 $4,150 114.6  
  Software AG SOW Xetra 6 95 € 39.10 € 1,177 10.9  
  Solera SLH NYSE 1 38 $22.57 $1,659 142.9  
  Symantec SYMC NASDAQ 6 411 $12.82 $12,373 19.7  
  TIBCO TIBX NASDAQ 1 184 $4.75 $961 18.3  
  Yahoo YHOO NASDAQ 3 213 $12.32 $17,807 19.8  
                   

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 2009

Top Winners (>50% gain)

Company
% Change
from
Previous
 Year
Price on
12/24/09
52 Week
Range

AMD 398% $9.91 $1.86 — $9.76
MIPS Technologies 288% $4.19 $1.04 — $4.28
Geometric Software 202% Rs. 67.55 Rs. 10.47 — Rs. 72.40
Wipro 182% $22.65 $5.04 — $23.00
Tech Data 181% $47.31 $16.20 — $47.64
ROVI (Macrovision) 180% $31.58 $11.27 — $34.77
Oce NV 167% 8.57 € 1.82 € — 8.88 €
Magma Design 148% $2.38 $.68 — $2.64
Apple 146% $209.04 $78.20 — $208.71
Sun Microsystems 145% $9.35 $3.45 — $9.37
Red Hat 141% $31.36 $12.75 — $31.76
P D F Solutions 136% $3.90 $.97 — $4.20
NVIDIA 134% $18.09 $7.08 — $18.18
Orbotech 131% $9.37 $3.35 — $12.17
salesforce.com 130% $72.66 $25.19 — $72.90
Infosys Technologies 123% $55.99 $22.61 — $55.76
Lenovo 120% $12.15 $3.35 — $12.25
Silicon Graphics 115% $7.23 $3.42 — $7.28
Hewlett-Packard 112% $52.87 $25.39 — $52.61
TIBCO Software 104% $9.71 $4.38 — $10.18
Google 104% 618.48 $282.75 — $612.87
Software AG 97% 77.00 € 33.61 € — 80.05 €
Mentor Graphics 95% $9.20 $3.34 — $9.73
Cadence Design 86% $6.02 $3.03 — $8.18
Invensys 86% 294.6p 136p — 315p
Ariba 86% $12.45 $6.43 — $13.27
Tekla 83% $6.31  
Nemetschek AG 77% 16.00 € 5.10 € — 18.14 €
Adobe 76% $37.17 $15.70 — $38.20
EMC 76% $17.85 $9.61 — $18.44
Avatech 73% $0.57 $.26 — $.65
Aveva 71% 980.5p 460p — 1083p
Deltek 65% 8.12 $.00 — $.00
QA 65% $6.06 $2.14 — $6.72
Solera Holdings 63% $36.80 $19.50 — $37.28
Corel 63% $3.97 $1.35 — $4.99
IBM 62% $130.57 $79.68 — $130.00
3D Systems 62% $11.71 $3.76 — $11.92
Microsoft 62% $31.00 $14.87 — $30.95
Aspen Tech 61% $9.85 $5.50 — $10.89
Virage Logic 59% $5.30 $2.25 — $6.25
Tata Consultancy Serv. 56% Rs. 749.30 Rs. 358 — Rs. 805
Stratasys 55% $17.33 $7.58 — $19.15
Ansys 55% $43.77 $18.00 — $43.68
Lawson Software 54% $6.79 $3.40 — $7.51
Xilinx 53% $25.36 $15.00 — $25.30
Hewlett-Packard 52% $52.87 $25.39 — $52.61
       

Top Losers (<50% gain)

Company
% Change
from
Previous
 Year
Price on
12/24/09
52 Week
Range

Electroglas

-96%

$0.01

$ 0.04 —  $ 2.06


Stock Splits

No splits were recorded in the Cyon Research Stock Index for the year 2009

2009 Acquisitions
MSC.Software (MSCS)MSC.Software was acquired by Sympony Technology Group (privately held) on 10/16/09 for $8.40//share, or about $340M
Electroglas, Inc. (EGLS)announced voluntary Chapter 11 Petition Filing on 7/10/09 with intent to sell the company
OCE NV (DE:OCE) is being acquired by Canon and is expected to close early in 2010
Sun Microsystems (JAVA) is being acquired by Oracle and the deal should close in 2010
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