Phoenix Technologies (PTEC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Phoenix Technologies (PTEC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jules B. Garfunkel who wrote (2796)	10/21/1998 6:54:00 AM
From: Marc Phelan	Read Replies (1) of 3624

Jules, BUYING OPPORTUNITY? I am thinking that we might get a nice buying opportunity for Phoenix on Friday. Although the company has pre-announced earnings and also stated that they will be taking a write off for some Sand's R&D, Zacks continues to post old numbers. The following was my Zack's update for today. PTEC: PHOENIX TECH is expected to report earnings for its fiscal quarter ending 09/98 on 10/23/98. The Zacks consensus estimate of earnings per share for PTEC's 09/98 quarter is $0.15. Note that Zacks expects earnings out on Friday but they will be released on Thursday after the close. (BTW will you be participating in the conference call?) Additionally, sites such as the "Earnings Whispers.com" are giving crazy numbers of .20 per share for the quarter. earningswhispers.com Although individuals that have researched the new Phoenix/Award/Sand company know better a lot of others might be believing the hype. If that is the case and people have high expectations from Zacks and others, we might see some serious selling on Friday. As I have said previously, I believe that strong accumulating is occurring in Phoenix. Could it be that some would like to see a lot of investors disappointed in the earnings so that shares could be purchased at lower prices? Do you still think it's "institutional buying" or is someone expecting a major product/customer announcement on the earnings date? Your thoughts would be appreciated. The best, Marc

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next