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

To: Marc Phelan who wrote (3303)	5/10/1999 9:31:00 AM
From: Jules B. Garfunkel	Read Replies (2) \| Respond to of 3624

Marc, As we both know so well, sometimes you hold a stock, and because of forces beyond your control, the market does not see what you see. Consequently, the stock remains dormant for two years and is not rewarded, (in this case PTEC), as we believe, it should be. For the last two years the Internet companies have taken what I believe should have been PTEC's limelight. But then, without warning or predictability, you wake up one morning and an event comes along, out of the blue, that has the potential to compensate us for years of suffering. Such an event could be this weekend's Intel announcement of the creation of a new venture capital investment fund, designed to invest in companies that "design key building blocks for the next generation of Intel microprocessors". With Phoenix's leadership and high R & D investment in designing solutions for Intel's next generation Merced, I believe, PTEC could benefit from this new Fund. And although I am not sure how, (the fund may only be for venture capital startup firms), we will have more details with the formal announcement later today. In any event, I have my fingers crossed that PTEC could finally get that long overdue boost in market price. Regards,Jules ========================= <"NEW YORK, May 9 (Reuters) - Intel Corp. is expected to announce on Monday a new $300 million venture capital fund to foster companies that design key building blocks for the next generation of Intel microprocessors. US Bancorp Piper Jaffray analyst Ashok Kumar said on Sunday he expected Intel, the world's No. 1 computer chip maker, to contribute $100 million in seed capital to the new fund while the remaining $200 million would come from outside investors.">