Phoenix Technologies (PTEC) Message Board

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Technology Stocks : Phoenix Technologies (PTEC)

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To: wesley ebisuzaki who wrote (388)	2/1/1997 1:44:00 AM
From: wesley ebisuzaki	of 3624

> The price of Xionics continues to rise ... > ...In other words PTEC has made ... about .35 per share! Didn't you know that PTEC is a mutual fund that writes bioses as a sideline! .35 from Xionic stock vs .13 from continuing operations (ave quarter '96). Looking at the annual report, I see that PTEC has 57M in cash and short term investments and current liabilities of only 15M! Since the market went up 30% last year, they could have made 17M last year (vs the 9M from continuing operations). AFAIC PTEC is a poorly managed mutual fund. They sold Xionics at 12 which now at 19 and have too much cash. How they have been so bearish last year? Oh well, at least it's no-load. Wesley PS for the humor-impaired: tongue-in-cheek

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