Phoenix Technologies (PTEC) Message Board

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Technology Stocks : Phoenix Technologies (PTEC)

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To: Marc Phelan who wrote (421)	1/31/1997 5:44:00 PM
From: Mark Brophy	of 3624

I have another question. The price of Xionics continues to rise closing today at 19 1/2. This is a full 4 1/2 points above the previous evaluation of $15 by Phoenix. In other words PTEC has made (On paper) 1,380,381 x 4.5 or $6,211,714.50 since Jan 1. That comes out to about .35 per share! Why can't the market see this kind of positive fundamentals? Phoenix sold 1/3 of their Xionics shares at $12, so my question is - why can't Phoenix see the positive fundamentals? Or is Xionics overvalued?

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