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Technology Stocks : Phoenix Technologies (PTEC)
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To: Daniel D. Caldwell who wrote (2823)10/22/1998 8:25:00 PM
From: Fred Fahmy  Read Replies (2) of 3624
 
Daniel,

<They chose to shoot for the lower number and push out sales and pull in expenses and adjust the reserves so that next quarter has a head start.>

This is definitely a possibility but if this is the case they should have given the Street a range something like .06-.08. There is nothing wrong with pushing out sales and pulling in expenses to get a good head start on next quarter. But there is something wrong IMO with providing a 40% range and coming in at the very bottom of the range.

FF
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