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Technology Stocks : PSIX up 26.5%, Takeover(?)
PSIX 65.77+3.6%Dec 11 3:59 PM EST

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To: wtett who wrote (1940)1/27/1998 9:09:00 PM
From: HVN  Read Replies (1) of 5650
 
From what I recall, UUNet and BBN went for something like 10 or 22 times revenues - not necessarily in that order. The issue came up with the valuation about the 20% they sold to IIXC - apparently given what IIXC's stock was/is at, and the price of PSIX, the 20% stake was sold at a price of 2-3 times revenues. I guess if PSIX does OK, IIXC makes out like a bandit.

What is your level of confidence in the current managment? do they have any vision? And if so, are they capable of executing to it? So far, I'd say, so bad!
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