Really like this one FastPencil... Can you give it the color combination from the 5th ranked logo (blue "Parker Tech" and the green "Services") and remove the circle to emphasize the P/T image (similar to your #2 concept)?
Getting better and better FastPencil. Really like all 3 of them. Incorporating the P/T initials makes a lot of sense, its simple yet professional looking.
I'm going to have some friends take a look to see what their feedback is.... So far I'm very impressed with most all of the LogoTournament submissions.