"We have taken measures to restructure PDSG and to rationalize our level of investment in an aggressive move to better position ourselves to service near term opportunities," said Cliff Flowers, PTSC’s Interim CEO. "While we are refocusing our efforts to exploit opportunities for the CDX and Vigilys platforms, we are also undertaking to divest ourselves of the Iameter portfolio of data analysis software and programs. The planned Iameter divestiture, in conjunction with already implemented reductions in staffing, contractor engagements, and other expenditures, will reduce PDSG’s cash burn by approximately 40 percent," added Mr. Flowers. PTSC based its decision, in part, on preliminary recommendations from its consulting partner, Eclat, and the need to preserve cash resources. Additional considerations were given to PTSC’s expected improved traction in the justice and public safety markets, and the excellent results of the recent CDX technology evaluation which included the reassessment of CDX as a core driver for maximizing shareholder value.

I don’t know about the rest of you but when my closets are full of useless stuff, that I haven’t used in a year (or more) I throw out the junk and make room for new and more useful items. PTSC is cleaning out it’s closet….getting rid of people and programs that are of little use to us. With Baroni’s ties to partners like SAIC, BAE, etc. I can only imagine that good things are in the works. All just my opinion, however, to use the immortal words of SGE1 “I know nuttin.”

Laurie