Levi & Korsinsky is investigating the Board of Directors of Phoenix Technologies Ltd. (?Phoenix Technologies? or the ?Company?) (NasdaqGM: PTEC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Marlin Equity Partners ("Marlin") in a going private transaction. Under the terms of the transaction, Phoenix Technologies shareholders will receive $3.85 in cash for each Phoenix Technologies share of common stock they own for a total transaction value of approximately $139 million.

The investigation concerns whether the Phoenix Technologies Board of Directors breached their fiduciary duties to Phoenix Technologies stockholders by failing to adequately shop the Company before entering into this transaction and whether Marlin is underpaying for Phoenix Technologies shares, thus unlawfully harming Phoenix Technologies stockholders. In particular, at least one analyst set a price target for Phoenix Technologies stock at $4.00 per share.

If you own common stock in Phoenix Technologies and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500 or visit http://www.zlk.com/phoenix-technologies-ptec.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Levi & Korsinsky, LLP
Joseph Levi, Esq. or Eduard Korsinsky, Esq., 212-363-7500
Fax: 212-363-7171
www.zlk.com