PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 59.38

-0.1%

3:59 PM EST

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To: Vito Bernardi who wrote (95)	5/28/1996 10:51:00 PM
From: Daniel Fisher	of 5650

Vito I'm sure you know your business, but can tell you that I am a Portfolio Manager, and the premium you are attaching for this is out of this world. Any of the potential buyers like a BEL would have plenty of customers and could duplicate the whole company and hire a bunch of smart people (and some empty suits) for less than $50 Million. Look what T has done with their ISP operation so quickly without buying someone. By the way with wireless, ADSL, cable modems...etc. who's to say dial up ISPs even have a business? And wont't those existing customers need to reconfigure everything several times over the next few years (let alone months)...wouldn't that be a good time just to switch? I feel I'm right that this valuation is totally wrong. If you think I don't know a good short, check out BSST (Baby Supersores) today. I shorted it at $52. I love to tell you I didn't cover at $36 after what happend today. By the way the way I think you guys are dead wrong on the merger names and I'll be nice and give you one who's stock is expensive enough they might just be dumb enough to do it (at around today's price, no premium)- Worldcom. Just a hunch, I know nothing. Which reminds of another buyout stock AAPL- they said that was going for 50 or 60 bucks per share 6 months later they couldn't give themselves away. Why? Because they had lots of red ink and companies don't like to buy other companies that are losing money and draining cash. It's so simple that it makes sense. By the way my compadre in this battle, who gave up on you guys, Doug Larkin has some good long ideas right now check out was he's talking about on this wireless stuff. I just bought the one idea today.

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