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Technology Stocks : Phoenix Technologies (PTEC)

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To: Mark Brophy who wrote (2150)	1/28/1998 12:23:00 PM
From: Jules B. Garfunkel	Read Replies (2) of 3624

Mark, Having done so well last year with my pick of BBTK, which was down some 65 %, I hesitate to enter INTC @ 80 1/4, and a short of IBM @ 97 1/2. If you will not accept a short, then I will submit ALTR which is currently trading at 30 5/8. All three of these picks I have written about extensively and all three are selected based on price over reactions of the market. --Intel, I believe will continue to recover and surpass new highs by the end of the year. As we approach the Merced introduction and an array of new network products, earnings growth should become more evident. --IBM has been up more than 50 % since last March despite the fact that the company continues to demonstrate significantly deteriorating fundamentals. --Altera has just been beaten down too low. It is the premiere company in the manufacture of PLDs (Programmable Logic Device) chips and is suffering because of the Asian crisis, but is very strong looking longer term. Regards, Jules

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