PSIX up 26.5%, Takeover(?) Message Board

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Technology Stocks : PSIX up 26.5%, Takeover(?)

PSIX 66.75

-2.6%

11:34 AM EST

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To: Oeconomicus who wrote (1806)	1/21/1998 5:11:00 PM
From: Dave	of 5650

Bob: Chris McCleary was the CEO of Digex, which was taken public by Friedman, Billings, Ramsey in July-August of 96. By July 97, Digex was taken over by Intermedia Communications (ICIX). McCleary's main statement was the Digex was to become profitable by 1Q 98. A friend of mine at Digex said that Digex was profitable by 4Q 97. McCleary is getting financing from FBR, too. They are based in Arlington, VA and are an up and ocming Investment Banking firm. dave

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