Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: burt l seifman who wrote (2914)	11/21/1998 12:29:00 PM
From: Fred Fahmy	Read Replies (1) \| Respond to of 3624

burt 1, Disclaimer: I currently have no PTEC position. I last got out at roughly cost (7.5). Many of your points are valid. PTEC had/has much potential which has yet to be realized....and PTEC's management has been very irresponsible in managing expectations on more than one occasion. On the upside, it appears that they have made good strategic decisions which should help down the road and they continue to stay focused on R&D (which IMO is always important). In addition, the financials and balance sheet are solid and they have worked nicely through an industry slow down which appears to be turning. Re: Below 5 Could happen, but I think it is doubtful that it would drop that far below book value. There are two signals that will get me back into this stock. One is they must start beating expectations which they themselves set. I think this will happen because I think they have finally learned and are now leaning towards more conservative (read: achievable) guidance. The other signal, and to me the ULTIMATE signal, is when PTEC starts buying back shares and in a meaningful way. Until the company demonstrates that they believe PTEC is a good value, I will wait patiently. I understand that there are lock-out restrictions associated with the POI merger methodology, but I am also tired of excuses. They have had chances in the past to pick up their stock at attractive prices and did not act. No debt, lots of cash, and no aggressive buyback says one thing to me... that the company thinks the stock is not undervalued. They were right in the past when they didn't buy in the low teens. Are they right again now?? Or are they really prepared to invest in themselves as soon as legally possible. That is the sign I want to see most. FF

To: burt l seifman who wrote (2914)	11/21/1998 5:13:00 PM
From: Jean M. Gauthier	Respond to of 3624

I could have sold my award stock at $ 16 this year... Tell that to AWRD shareholders who got fcked by this turkey. Like me... What a shiy company Get out while you cann Take care jean