Surprise, Surprise: PTEC Decides to Focus on the BIOS Business

Posted on January 6, 2010

As we suspected, big changes are afoot at PTEC. Yesterday, the company announced strategic alternatives for the foolish investments made during the last two years, and intends to focus its business strategy on the core systems software (BIOS) markets in which Phoenix has a long-established leadership position.

Does this “new” strategy sound familiar? One only needs to look at the cash-flow statements and stock price of PTEC from back in 2007, to see how these changes could positively help shareholders. I believe the outcome this time around should be similar.

Disclosure: Affiliates of Envoy Global Research, and its principals, own shares in PTEC. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

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