3D Systems Class Action Law Suit

Posted by on Aug 21, 2015 in Stocks

3D Systems Class Action Law Suit

Stockholders have filed a class action lawsuit against 3D Systems of Rock Hill, alleging the company intentionally deceived investors by making false and misleading statements they used to make financial decisions. Some stockholders, according to federal court filings, lost millions of dollars in stock value when 3D Systems announced twice in 2014 that its quarterly earnings were below analysts’ expectations, causing 3D Systems’ stock prices to plummet. Officials from 3D Systems said Wednesday the company does not comment on pending litigation and that the company “believes the claims alleged in the putative stockholder class action lawsuit and the related derivative lawsuit are without merit and we intend to defend the company and its officers and directors vigorously.”  That’s the part that doesn’t make sense. If they don’t comment, than what are they doing commenting? Read the full story here  ...

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3D Printing Financial News – Makerbot Layoffs and What it Means for the 3D Printing Industry

Posted by on May 7, 2015 in Business

3D Printing Financial News – Makerbot Layoffs and What it Means for the 3D Printing Industry

“It’s consolidating with Stratasys, so it’s economies of scale and looking at duplicate positions and consolidating,” the employee said. “We have a new CEO, so he has a different plan in mind,” she said, crying. “I’m sorry, it’s a hard day.” MakerBot was founded in 2009 by Bre Pettis and quickly rose to prominence as one of the few companies pushing 3D printing to market. The company bought by Stratasys for $403 million in 2013, and Pettis left as CEO to lead an “innovation workshop” at Stratasys. His successor, Jenny Lawton, has moved over to Stratasys this year. That’s when Jaglom took over. He is the first MakerBot CEO to come from Stratasys. ​ ​UPDATE: MakerBot has published an official statement that confirmed the layoffs, as well as announced the closing of all three of the company’s retail stores. Here is an excerpt from the post, which can be read in full on the firm’s website. ​ ​”Today, we at MakerBot are re-organizing our business in order to focus on what matters most to our customers. As part of this, we have implemented expense reductions, downsized our staff and closed our three MakerBot retail locations. With these changes, we will focus our efforts on improving and iterating our products, growing our 3D ecosystem, shifting our retail focus to our national partners and expanding our efforts in the professional and education markets.” The question of course….is this an omen of things to come? Or is it a correction whose time has come?  Many of the smaller firms could really benefit from some 3D Printing education as a means of staying alive....

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3D Printing Stocks – Is This a 3D Printing Stock Market Bubble?

Posted by on May 2, 2015 in Stocks

3D Printing Stocks – Is This a 3D Printing Stock Market Bubble?

  For Stratysys, Chief Executive Officer David Reis stated that the industry itself was still in an embryonic stage. He assured investors by noting that there are still major opportunities for the company in the long run. Stratasys’ new estimates reflect an adverse impact of $8.7 million from foreign exchange headwinds. The 3D printer storemanufacturer notes that it intends to bring down its total capital expenditure to $80 million from a prior $110 million this year. The company’s management notes that aside from consumables and customer support, Stratasys experienced weakness in its sales mix across all its geographical...

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