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Technology Stocks : Phoenix Technologies (PTEC)

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To: Jimbo Cobb who wrote (352)1/16/1997 6:42:00 PM
From: Fred Fahmy   of 3624
 
mark,

<<I'm not saying it should be 20...>>

Well, I am. Twenty would still leave it undervalued. The problem as many people are starting to understand is coverage and communication. We have only one analyst covering the stock. Management also seems to be doing a very poor job of communicating the PTEC story to the investment community. The lack of these two important igredients won't keep PTEC down forever, but it will cause it to take much longer to come up to fair value. I am fully expecting to see 15's again before 17's. Today's reaction was as I predicted. They reported good earnings and the Street just yawned. I believe the bid went up 1/2 from yesterday to today. Not exactly what I would call a huge move, especially when all this was doing was gaining back some of last weeks losses. PTEC is looking more and more like a fine bottle of wine that is still premature. Does anyone know what, if anything, PTEC is doing in the way of PR with the investment community? PTEC is in desperate need of additional brokerage firm coverage.

FF
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