Autodesk Adds a Niche

Article Excerpt

AUTODESK, INC. $16.77 (Nasdaq symbol ADSK; SI Rating: Average) (515-507-5000; www.autodesk.com; Shares outstanding: 226.3 million; Market cap: $3.8 billion) has completed the acquisition of ALGOR Inc. for $34 million. ALGOR makes computer-aided simulation software used for product design in the auto, aerospace, medical, consumer products, defense, energy and utilities industries. The acquisition adds advanced simulation capabilities to Autodesk’s software, including mechanical-event simulation and fluid flow. This lets engineers virtually test and predict the impact of simultaneous conditions, such as heat and pressure, on product designs. Autodesk is a buy. buy…