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

To: Marc Phelan who wrote (2886)	11/10/1998 7:18:00 AM
From: Marc Phelan	Read Replies (1) \| Respond to of 3624

Phoenix Announces Restructuring Resulting From Recent Acquisitions Phoenix Technologies Ltd. announced the completion of the restructuring resulting from the recent acquisitions of Award Software and Sand Microelectronics. The restructuring will include the elimination of 38 positions, a global workforce reduction of about 5 percent. The Company will record a one-time charge of approximately $1.9 million in the current quarter to cover severance benefits, facilities consolidations and program streamlining associated with the integration of the three companies. Phoenix estimates that its annual operating expenses will be lowered by approximately $4.8 million due to the reduced employee- and facilities-related expenses. biz.yahoo.com Looks like we are seeing the positive results of the mergers to the bottom line.

To: Marc Phelan who wrote (2886)	11/10/1998 7:48:00 AM
From: Theo Karantsalis	Respond to of 3624

Marc, Looks like pretty good news. Now, how about two first-class tickets from Miami to San Diego. It's probably changed a lot since I've been there (1980-1985). Thanks for the update. Theo