CORRECTED - CORRECTED-UPDATE 1-Phoenix Q4 loss widens; cuts '09 revenue outl

(Corrects revenue figure in third bullet point to $20 million, not $17.2 million. Also, corrects percentage figure for revenue rise to 28 percent in paragraph 3)

* Q4 loss per shr $0.16

* Adjusted EPS $0.01 in line with estimates

* Revenue $20 mln vs. estimate of $21.4 mln * Sees 2009 revenue of $101.5 vs. prior view $110 mln * Shares fall as much as 31 percent

Oct 23 (Reuters) - Software maker Phoenix Technologies Ltd's PTEC.O reported a wider fourth-quarter loss, hurt by higher expenses, and it cut its 2009 revenue outlook, sending its shares down as much as 31 percent to a new year-low.

"We were slightly impacted by the weakening economic environment and a shift by OEMs (original equipment manufacturers) towards lower cost PC platforms, such as the netbook," Chief Executive Woody Hobbs said.

For the quarter ended Sept 30, the company's net loss widened more than six-fold to $4.6 million, or 16 cents a share. Revenue rose 28 percent. [ID:nWNAB0473]

Total operating expenses rose 55 percent to $20.3 million.

Shares of the company touched their lows of $4.88 in the earlier session, before paring some of their losses to trade down $1.84 at $5.22 Thursday on Nasdaq. (Reporting by Aftab Ahmed in Bangalore; Editing by Anil D'Silva;)