PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 67.07

+0.5%

3:59 PM EST

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To: James Young who wrote (925)	4/19/1997 11:51:00 PM
From: kathleen e duffy	of 5650

Amerindo holds 8.55% of PSIX. Not exactly a bashful number at 3,428,430 shares. Amerindo is having it's own problems with the value of it's fund trending downward...even astute traders are having their problems in this market, and particularly in the tech/internet sector. Avant! is their most recent crisis. This URL reports Amerindo's stake in PSIX biz.yahoo.com As for the delay in reaching profitability, I believe their slower-than-expected start in the wholesale (ISP) market, lower than anticipated sales from the software division (which they have now sold) and some revenue recognition issues were pinpointed by management as cause. Here is the URL for the press release which PSI released at the time: psinetus.inter.net and another related story: zdnet.com Hope this helps, James. -kate who has an interest in PSIX

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