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Technology Stocks : Phoenix Technologies (PTEC)

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To: Jules B. Garfunkel who wrote (334)1/14/1997 11:57:00 PM
From: Fred Fahmy   of 3624
 
Hi Jules,

You know I respect your opinion and I have NOT let go of my PTEC position. However, IMO I honestly believe (more so today then ever) that INTC will outperform PTEC over the next 6 months for sure and has a very good probability of doing so over the next year. 1997 is going to be a great year for INTC financially and they now have WS ear. PTEC may have a great year financially but still might not get noticed. The first year I held INTC it did nothing. Then over the next 3 years it increased 4X. I think PTEC may still have a while before it starts a significant and sustainable long term uptrend. I am not prepared to say that INTEL will outperform PTEC over the next 2 or 3 years. The longer the timeframe the better I think the chances are for PTEC to outperform. But I do think it will take time. You as well as anyone know the fustration Intel investors shared for a long time before WS woke up a couple years ago. I just don't see a light going off in WS's head regarding PTEC in the near future. On the otherhand, I could be wrong and as you suggested when these things move, they can move real quick. That is why I am holding my PTEC even though I consider it dead money right now. Unfortunately, I don't think all investors are this patient, thus the continued sideways to downward pressure on the stock. Some people don't have the resources to hold a stock that is showing no signs of life when everything else around them is soaring.

FF
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