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

To: Jules B. Garfunkel who wrote (3579)	1/26/2000 3:37:00 PM
From: Steve Smith	Respond to of 3624

From briefing.com: 1st Target = 33-35 <<Phoenix Technologies (PTEC) 20 1/2 +3 3/16: Like Westell Technologies, featured in today's Trader's Edge Stock Brief, PTEC is one of those small-cap tech stocks on the rise... Today's announcement that its PhoenixBIOS solution will be used in Transmeta Caruso processor reference designs for a new category of Mobile Internet Computers has propelled the stock to a new 52-wk high on over 3 1/2x average daily volume... For investors looking for the next hot technology play, Transmeta's Caruso processor is a good bet... Consequently, companies announcing an affiliation with Transmeta are apt to find their stocks "in play", such as PTEC is today... But PTEC has more than today's press release going for it... Company's InSilicon unit, which provides communications semiconductor intellectual property used by semiconductor and systems companies to design the complex semiconductors called systems-on-a-chip, recently filed to raise $44 mln in an IPO... Last quarter, the InSilicon unit generated record revenue of $5.3 million and a first-time operating profit of $47,000, before merger, restructuring and stock-related charges... In addition, PTEC's is likely to enjoy very strong growth from its PhoenixNet division... PhoenixNet delivers unique Internet solutions that enrich the out-of-box and online computing experiences by providing valuable, personalized Internet content and services to users... Unit released the initial shipment of its enabling technology on schedule in December to five Taiwanese motherboard manufacturers for distribution to users... In the first quarter, motherboard manufacturers began production, and they are now shipping to end-users... Management also announced that PhoenixNet remains on track to start deliveries of its services to business and consumer end-users via PhoenixNet-enabled PCs in the first quarter of 2000... Among the companies offering services are America Online, CNET, EarthLink, Excite, Lycos, Snap.com, Trend Micro, Yahoo!, Adobe, Driveway, FireTalk, mySimon, NetRadio.com and RocketTalk... Top-line growth from this unit has the potential to be very strong... Finally, the company's core Platform Enabling division, which develops and markets system-enabling software, also known as BIOS, should continue to post decent numbers due to solid demand... Given that stock has little following on the street (two analyst, one rates strong buy, one rates moderate buy) it remains relatively cheap... Currently trades at 3.8x trailing twelve month sales and 35x projected FY00 earnings of $0.59... Based on today's break out, discounted valuations and much better than market growth potential, Briefing.com expects PTEC to start attracting increased attention from the street... As it does, multiples almost surely to expand... Briefing.com's initial upside target is 33-35. -- RW >>

To: Jules B. Garfunkel who wrote (3579)	1/26/2000 9:37:00 PM
From: John B. Dillon	Read Replies (1) \| Respond to of 3624

Jules, You are right. Today was a great day which started out with the Transmeta/Linux announcement. The interesting point is that PTEC showed strength throughout the day even as the NASDAQ faded. After the initial boost from the announcement, investors had a chance to evaluate PTEC and obviously they found out what we have known for some time. jd

To: Jules B. Garfunkel who wrote (3579)	1/31/2000 8:27:00 AM
From: Mark Brophy	Read Replies (1) \| Respond to of 3624

It's too bad you're on vacation. You could've sold at 24 a couple of days after you left. The strange thing about this company is that the detractor and promoter on this thread are both right. Jack Kay went 4 years without increasing shareholder equity/share. But, he also made $160m or more on InSilicon. This is essentially a venture capital company. Ron Fisher made a bundle selling books and Xionics, which allowed him to fund Yahoo and the other Softbank companies. Jack Kay made a bundle on InSilicon and started a net business where Al Sisto may make another bundle. And the price went through the roof based on a BIOS for a Linux processor developed by a startup. If Phoenix can't make much money on a BIOS for Intel and AMD, how are they going to make big bucks on Transmeta? I'll bet Three-Fingered Kelly could count the number of engineers it took to produce it on one hand and still have a finger or two left over!