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Technology Stocks : Phoenix Technologies (PTEC)

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To: greenspirit who wrote (3199)3/23/1999 5:33:00 PM
From: Jules B. Garfunkel  Read Replies (1) of 3624
 
Hi Michael,
Good to see you post here again.

Currently, I am in Florida on vacation, so I am somewhat out of touch with what is going on. However, in the past when I have asked the company why we are not giving more exposure to the company's efforts in Home Appliance Connectivity?, I have been told that significant business opportunities for that market are still about 5 years away, (I believed that it was closer to 2 or 3 years away). This conversation was about a month ago. At the time, Jack Kay told me that within the next 6 months we will see announcements from PTEC for what he believed to be better and nearer term opportunities. While he acknowledges that the Home Connectivity Market can be a large potential for Phoenix, he goes on to say that Phoenix is currently working on more immediate revenue producers. After that conversation, I didn't know if I should be happy that we have better opportunities in store for us in the near term, or sad that PTEC was not taking advantage of what seems to me an eventual huge potential market opportunity.
Regards,
Jules
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