Phoenix Technologies Financial Results Exceed Expectations

1/16/2002 - Phoenix Technologies Ltd. (NASDAQ - PTEC), a global leader in device-enabling management software products for user-driven connected digital devices, today reported, for the first quarter ended December 31st, 2001, revenues of $29.6 million, an operating loss of $6.5 million and a net loss of $4.2 million, or $0.17 per share. Excluding restructuring related charges of $6.0 million and its tax effect, first quarter 2002 adjusted net income was $0.4 million, or $0.02 per share.

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