PSIX up 26.5%, Takeover(?) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

PSIX 63.33

-0.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sung Q. Kim who wrote (77)	5/25/1996 11:02:00 PM
From: Daniel Fisher	of 5650

Sung you're singing a bad song- PSIX is worth $6.25 to $1.03! There are 32 Million shares oustanding. It closed at 15.875 giving a market cap of $508 Million. You guys think its worth $27 or $864 Million. Here's the facts: -They make no money and won't for a long time. In fact they run out of money unless they do a secondary or something to raise capital by next year- read the 10K. I really says that! - On the highside it's worth a little less than Prodegy's $200 Million or $6.25 per share. (See Doug's comments) -Low side it sell for a little more than the replacement value of the access points- 250 x $100,000 or $25,000,000 plus value of existing 11,000 (?) customers- we'll be genenerous and call that $1000 per customer, which is $11,000,000. That's $33,000,000 or $1.03. There are lots of good ideas out there...this isn't one of them.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next