Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Marc Phelan who wrote (3535)	10/22/1999 6:09:00 PM
From: John B. Dillon	Respond to of 3624

Marc, "Bottom Line...." The market liked the results. jd

To: Marc Phelan who wrote (3535)	10/24/1999 9:46:00 AM
From: John B. Dillon	Respond to of 3624

Marc, I wish you were still in PTEC, because I think they have turned the corner. Here are my notes on the conference call. PTEC had a very good quarter. Before their one time extraordinary expenses they reported 14 cents a share vs analysts estimates of 9 cents a share. The platform enabling division (BIOS) increased revenues 3% from the previous year. The PC market is growing, BIOS prices are stable and PTEC is enjoying a favorable product mix (which is expected to continue). Going forward, they expect continued growth for this division. IP did $5.2 million a 97% increase year to year. (Includes Sand) EBetween is on schedule and they expect between $10 to $15 million in revenues next year. PTEC BIOS are estimated to be on 70% of all PC's shipped. Some companies who previously used their own BIOS are now using PTEC BIOS, because these companies are outsourcing their designs to Asia, where PTEC is very strong. The trend to laptops continues, which means a higher ASP for PTEC. Part of the write off was to cut costs. Going forward, they expect to realize $6,000,000 in savings a year because of this action. Next fiscal year with revenue from eBetween, firm BIOS prices, a growing market, a continued market shift to laptops, the Itanium BIOS, and cost savings this could be the year for PTEC. jd