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Technology Stocks : Phoenix Technologies (PTEC)
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To: Jules B. Garfunkel who wrote (3518)10/3/1999 7:27:00 PM
From: Mark Brophy  Read Replies (1) of 3624
 
Cutting expenses is dangerous.

The easy thing to do would be to cut personnel in the SIP group that aren't pulling their weight, since that's the only group losing money. But, it's also the only group that offers the chance for a big payoff in the form of an IPO. The Xionics IPO was the biggest payoff for Phoenix in the last few years and they would've earned even more if they had accepted Softbank stock for the publishing group rather than cash.

If you like to day trade, there was some suspicious buying activity of Mentor Graphics in the last 2 hours on Friday, as shown on the 5 day chart at quote.yahoo.com. There had been buyout rumors on the Yahoo board at messages.yahoo.com prior to the sudden runup. The stock is underpriced even in the likely event that there isn't a buyout.

Given the big runup of Award stock the day prior to the merger announcement, I give a lot of credence to Wall Street rumors. The Compuware buyout of Viasoft had also been rumored on SI before the official announcement.
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