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

To: Marc Phelan who wrote (2887)	11/10/1998 11:44:00 AM
From: Jules B. Garfunkel	Read Replies (2) \| Respond to of 3624

Marc and All, I don't know about you, but I was pleasantly surprised by both the final one time restructuring charge of $1.9 Million, (I was under the impression that it could go as much as 100% higher) and the $4.8 Million per year reduction in operating expenses, which as you point out flows to the bottom line. Combine these new figures with this year's expected reduction in R & D expenses as a per cent of revenues, and the resumption of the stock buy-back program, and we could be looking at good price appreciation for PTEC this year. Let's hope this news item is an indication of a new trend for PTEC of only upside surprises.....now that would be nice for a change. (g) Regards, Jules