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

To: Mark Brophy who wrote (2176)	1/31/1998 12:26:00 PM
From: Marc Phelan	Respond to of 3624

Mark, Put me down for SEEQ. (1st Pick) Jan. 15, 1998--SEEQ Technology Inc. (Nasdaq NM: SEEQ) Thursday announced financial results for its fiscal 1998 first quarter ended Dec. 31, 1997. For the quarter, net income rose to $1.1 million, or $0.03 per share, up from $34,000, or $0.00 per share, for the same period in fiscal 1997. Revenues for the 1998 period were $7.6 million, compared with $6.6 million for the corresponding quarter last year, a 15% increase. Commenting on the results, Phil Salsbury, SEEQ's president and chief executive officer, said: "We are pleased that both our revenues and net income improved over the same period last year. Looking at our results sequentially, however, inventory corrections at certain major customers led to lower revenues this quarter. "At the same time, we achieved higher gross margins, our best since 1988, while our book-to-bill ratio stayed well above unity. We continue to build momentum with design wins on our 100Base-Tx Physical Layer product and our Gigabit Ethernet Controller." SEEQ Technology is a leading manufacturer of data communications semiconductor products. With headquarters in Fremont, the company is a LAN pioneer, having introduced the first integrated Ethernet controller in 1982. SEEQ's product families include Gigabit Ethernet, Fast Ethernet (100Base-T) and ATM components. SEEQ leads the Ethernet Media Access Controller (MAC) market and offers the broadest line of Fast Ethernet MACs and PHYs in the industry. The company's Ethernet solutions are used in industry-leading applications, including network interface cards, hubs/bridges/routers, switches and test equipment. For further information about SEEQ and its products, please visit the company's world wide web site at seeq.com .

To: Mark Brophy who wrote (2176)	1/31/1998 4:31:00 PM
From: Mike Winn	Respond to of 3624

Mark - I planned to nominate PWAV for the contest but Mark McCoy has already taken mine. I have a couple of other stocks in mind but I am too lazy now to provide writeups for them, so I will pass up for this contest. I just have one suggestion. Since you only allow tech stocks, I suggest that you run the contest only til September since tech stocks tend to tank every year after September because of the window dressing. There are a lot of tech stocks that can make a good runup until September but after that month, it looks worse than a lot of less good stocks. You can make a few exceptions here and there but for the most part, you're increasing the risk to yourself holding tech stocks after September. For myself, I have made a new year resolution to sell all my tech stocks WITH NO EXCEPTION in SEPTEMBER and buy back in late December, from this year on. So I suggest for the contest, we pretend to sell all stocks on September 1st and no later than September 15th. Counter arguments are welcome.