/DESTINATION=device-name:[directory-name]

    Specifies the location where the utility will place the
    extracted product text file (PTF). If the device name is not
    provided, the default is the user's default device. If the
    directory name is omitted, or the /DESTINATION qualifier is
    not specified, the default is the user's default directory. The

    The PRODUCT EXTRACT PTF command ignores the PCSI$DESTINATION
    logical name whether or not you use the /DESTINATION qualifier.