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


To: Jules B. Garfunkel who wrote (2843)10/23/1998 4:48:00 PM
From: Theo Karantsalis  Respond to of 3624
 
Jules wrote: "More surprising is why PTEC went from the mid teens to less than 6 when the same analyst had a buy rating and there was only what appeared to be good news coming out of the company."

You got it!

So, why did this analyst reverse his decision so quickly? CYA?

Jay Black (WINZ, 940 A.M., Miami, FL) told his listeners- no, begged them- to stay the hell away from Phoenix Technologies about two-weeks ago. His track record for performance is usually right on the money. He stated that PTEC was trading lower for a reason, and that reason is because the company has had a difficult time producing earnings.

Regards,

Theo