a net loss of $16.4 million (63 cents a share), and a negative net cash flow from operations of $2.4 million for the year. Although it achieved GAPP positive cash flow in the first quarter this year. Phoenix is not a widely held by individuals -- most of its approximately 176 shareholders are institutions. Phoenix stock has been trading around $15.60 a share, up from $4.50 a share when Hobbs' management team took over.
New Phoenix flagship products are AwardCore, SecureCore, FailSafe, and HyperSpace. Started in 1983, Phoenix has shipped more than one billion systems.
Reprinted with permission from Demo.com. Story copyright 2008 Demo.com Inc. All rights reserved.
Comments
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