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Technology Stocks : Phoenix Technologies (PTEC) -- Ignore unavailable to you. Want to Upgrade?

To: Jules B. Garfunkel who wrote (3518)	10/3/1999 7:27:00 PM
From: Mark Brophy	Read Replies (1) \| Respond to of 3624

Cutting expenses is dangerous. The easy thing to do would be to cut personnel in the SIP group that aren't pulling their weight, since that's the only group losing money. But, it's also the only group that offers the chance for a big payoff in the form of an IPO. The Xionics IPO was the biggest payoff for Phoenix in the last few years and they would've earned even more if they had accepted Softbank stock for the publishing group rather than cash. If you like to day trade, there was some suspicious buying activity of Mentor Graphics in the last 2 hours on Friday, as shown on the 5 day chart at quote.yahoo.com. There had been buyout rumors on the Yahoo board at messages.yahoo.com prior to the sudden runup. The stock is underpriced even in the likely event that there isn't a buyout. Given the big runup of Award stock the day prior to the merger announcement, I give a lot of credence to Wall Street rumors. The Compuware buyout of Viasoft had also been rumored on SI before the official announcement.

To: Jules B. Garfunkel who wrote (3518)	10/4/1999 11:07:00 PM
From: John B. Dillon	Read Replies (1) \| Respond to of 3624

Jules, Marc and Mark, "It is clear for me, that Al Sisto is working on reducing the expense side of the earnings equation. As long as he doesn't give away the assets that we invested in, and paid so dearly for, (high R & D costs being out of proportion with revenues for the last three years)." I also want to see unnecessary expenses cut. I was a big fan of ROM Pilot and PBSS, but they contribute to high R&D costs, and were not successful. PTEC has 70% of the market for BIOS, stable prices and increasing PC sales so I am looking for revenue growth. If revenue didn't grow last quarter the question that needs to be answered is why not and when will ebetween, Itanium BIOS and IP lead to growth and is it worth the wait. jd