PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 62.95

-4.3%

Dec 12 9:30 AM EST

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To: Daniel Fisher who wrote (785)	3/25/1997 12:24:00 PM
From: James F. Hopkins	of 5650

HI Dan: Looking at some old notes re> What is computer equipment worth 3 months after you bought it? The millions spent yesterday may indeed be worth thousands today. -------------------------------- The above is true, and applies strngly to PROXY internet providers who rent bandwidth...keep in mind the backbone cable is altogher seperate..so are NAP aggrements..psix is not a proxy..like some others..not only does the backbone keep it's value..it goes up as each year permits get harder to come by..demand increases, and all the cost of putting down cable goes up..the cable...it's worth more than gold..were gold gets cheaper to get out of the ground..cable cost more to lay..replacement value is often a hidden value..and is not run on the books...just the cost..psix has that hidden edge..the market dont see it but you can bet someone does..and would love to take her over.. still long on psix.. Jim

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