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

To: John B. Dillon who wrote (2931)	11/24/1998 9:03:00 AM
From: Ahmad Sinno	Read Replies (1) \| Respond to of 3624

John, >>>Jack and Bob with a nice chunk of stock at 9 they will make or beat the numbers and the stock will start to edge up. One has 5k and the other has 15k shares at ~$9. Not exactly a nice chunk when you consider their PTEC options. Now if they had 50K-100k shares, that would be a nice chunk. Just my opinion, of course. Ahmad

To: John B. Dillon who wrote (2931)	11/24/1998 11:01:00 AM
From: Mark Brophy	Read Replies (2) \| Respond to of 3624

Re: Investment banking, repurchase rules I'm learning a lot from this thread and I now understand why the analyst do not follow this company. The used to be only one analyst, Fechtor-Detwiler, that followed Phoenix and they're also the market maker. Now, there are at least 3 analysts. They've jumped on board because of the acquisitions. Clearly, there are opportunities to earn bloated investment banking fees. More will follow if momentum is established. In addition, the increased volume has reduced the typical trading spread from ¼ to 1/8. There are significant entry barriers described by EE Times at eet.com. Semiconductor IP is the future of Phoenix. Pico can also grow substantially by using the cash hoard to buy their biggest customer, RadiSys. See their SI profile at techstocks.com. After the wait limit PTEC will have to buy back shares to move the stock price, because if they do not the good employees will leave. It's illegal to manipulate the stock price. They can only buy 7% of the shares in any one day and they can't buy anything in the first 90 minutes of trading. Phoenix has already lost employees. The founder of Virtual Chips, Raj Raghavan, left to start a new IP company that Phoenix might purchase in a few years.