Phoenix Technologies (PTEC) Message Board

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Technology Stocks : Phoenix Technologies (PTEC)

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To: Jimbo Cobb who wrote (439)	2/3/1997 10:12:00 AM
From: Tim Oliver	of 3624

Mark M. and anyone else here, if you can find ANY stock as obviously undervalued as PTEC, I'll be glad to take a look. Here's a few stats on PTEC for you to compare to: * Trailing PE of only 20 with 54% net income growth last quarter (even with major R&D and investment costs). * Have two divisions representing about 20% of their revenue, each market leaders and growing at least 75% a year in markets projected to grow 1000% over the next 3-4 years (PICO & VCI). * Have another division with 45% market share and all other competitors combined have only 11% (BIOS & related for notebook computers other than PC Card) in the fastest growing PC segment. * Their core business market share will grow from at least 25% to 40-50% this year (PC BIOS). * Have a strategic alliance with the market leader in another niche (CYBR), with the main competitor (SYSF) trading at about 2 1/2 times the PE of PTEC mostly based on their product offering in this one area. What's particularly unusual is that PTEC/CYBR have already taken away business from the competitor in what was described as their "key account" even before product shipped! * Have a 7-year strategic R&D relationship with the 85% market leader in PC processors (Intel) to co-develop and provide their core products for the leader's newest technologies. * Have NO major analysts covering them and only one "full-time" analyst. Often trade at less than 20% of the volume of the next largest competitor only 1/2 their size. * Gross margin increased to 85% last quarter, are generating tons of cash from investments and operations, and plan to resume their stock buyback program this month. It's true that momentum investors probably do better in the short-run and probably don't have to do as much research or have much knowledge about the business. There's plenty of those and you don't need to tell me about those, those are easy to spot. Thanks and good investing!

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