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Technology Stocks : Phoenix Technologies (PTEC)
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To: Mark Brophy who wrote (3264)4/21/1999 9:18:00 PM
From: Fred Fahmy  Read Replies (2) of 3624
 
Mark,

Hasn't it been 48 hrs. since earnings?? What are the restrictions per day??

<The buyback will only raise the stock price if the announcement gets the attention of new value investors.>

It depends on the overhead of supply. If most sellers are gone at these levels (as I suspect), any steady accumulation by the company should put upward pressure on the price. It also should affect the long term price of the stock by reducing the S in EPS in coming quarters.

FF
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