Phoenix Technologies Ltd. to Host Mid-Year Investor Update; Event to be Webcast Live

MILPITAS, Calif., May 9 /PRNewswire-FirstCall/ -- Phoenix Technologies Ltd. NASDAQ: PTEC today announced it will webcast the remarks of its President and CEO, Woody Hobbs, and its COO and CFO, Rich Arnold, at its 2008 mid-year investor update meeting, which is to be held at its Milpitas, CA headquarters on May 19, 2008 at 11:00am PT (2:00pm ET). Hobbs and Arnold will share their perspective on the Company, its business outlook and its strategies for growth. Hobbs will provide an in-depth update on developments in the key markets for the Company's core systems solutions and on the Company's acquisition and product development investments. Arnold will update analysts and investors on the Company's financial objectives and expectations.

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There will be a live question and answer session in conjunction with this event.

Webcast Information

Investors unable to attend the event in person are invited to listen to a live audio webcast on the investor relations section of the Company's website at http://investor.phoenix.com/webcasts.cfm which will also contain slides related to the event. An archive of the webcast will be available shortly after the conclusion of the live event.

About Phoenix Technologies

Phoenix Technologies Ltd. NASDAQ: PTEC is the global market leader in system firmware that provides the most secure foundation for today's computing environments. The PC industry's top builders and specifiers trust Phoenix to pioneer open standards and deliver innovative solutions that will help them differentiate their systems, reduce time-to-market and increase their revenues. The Company's flagship products, AwardCore, SecureCore, FailSafe and HyperSpace, are revolutionizing the PC user experience by delivering unprecedented security, reliability and ease-of-use. The Company established industry leadership with its original BIOS product in 1983, has 155 technology patents and 139 pending applications, and has shipped in over one billion systems. Phoenix is headquartered in Milpitas, California with offices worldwide. For more information, visit http://www.phoenix.com.

Phoenix, Phoenix Technologies, Phoenix FailSafe, HyperSpace and the Phoenix Technologies logo are trademarks and/or registered trademarks of Phoenix Technologies Ltd. All other trademarks are the property of their respective owners.

    Investor Relations Contacts:
    Phoenix Technologies Ltd.
    Richard Arnold
    Chief Operating Officer and Chief Financial Officer
    Tel. +1 408 570 1256
    Email: investor_relations@phoenix.com

    The Piacente Group, Investor Relations
    Sanjay M. Hurry
    Tel. +1 212 481 2050
    Email: phoenix@thepiacentegroup.com