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Technology Stocks : Phoenix Technologies (PTEC)
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To: Jules B. Garfunkel who wrote (3501)9/23/1999 7:30:00 AM
From: Marc Phelan  Read Replies (3) of 3624
 
Jules and All:

Two new announcements today.

Phoenix Becomes the First Independent Firmware Vendor to Run On Intel's Merced Processor

SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 23, 1999--Phoenix Technologies Ltd. (Nasdaq:PTEC - news) -- a worldwide leader in system-enabling software solutions for connected computers today announced that it is the first independent firmware vendor to run on engineering samples of Intel's Merced processor.

and

Phoenix and Eltan Announce System-Enabling Software Agreement
Eltan to Target Integration Services and Distribution of PhoenixBIOS(TM) and AwardBIOS(TM) to European and Middle Eastern Small and Mid-Sized Industrial Appliance Manufacturers
SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 23, 1999-- Phoenix Technologies Ltd. (Nasdaq:PTEC - news) -- a worldwide leader in system-enabling software solutions for connected computers -- and Eltan B.V. -- a privately held Dutch PC and Communication Technology Engineering Company -- today announced that they are finalizing an agreement specially targeted to market high quality engineering services, combined with high quality system-enabling software, to the growing number of industrial ``appliance' manufacturers in Europe and in the Middle East.

One would hope that this would give the stock a little support here? I am very concerned about any break of the 10 3/4 support level here. A nice bounce would be healthy. I was looking for an announcement that PTEC's Taiwanese motherboard manufactures did not suffer significant damage in the earthquake. (Maybe later today Phoenix?)

The best,

Marc
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