PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 53.04

-2.8%

Nov 18 3:59 PM EST

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To: Curtis Gruber who wrote (4630)	8/1/1999 6:26:00 PM
From: telecomguy	Read Replies (1) of 5650

I forgot to add that despite what I see as a troubling inability of Psix to improve their "true" gross margin over the past few years, the stock price can continue to go UP! After all, it's really hard to know how the Psix story (which is also the story of Internet) will end up.......it may be that the overall bullishness of IP based stocks will do well if it can scale up at this point in the mad rush for "internet gold" even if it may never really get profitable on a standalone basis. Besides, there is a good chance that some PTT will buy them out at a premium --- probably paying far more than what Psix is worth (as PTT's have known to do in the past!). So in the short term, Psix investment is not likely to crash as long as the overall IDEX doesn't crash......I sold because I was watching for improvements in their operating gross margin and despite mgmt promises -- it wasn't happening as they continue to bleed heavily. besides, I made 700% return in 1 year and didn't think the extra return was worth the risk -- especially for financially unsound company. Anyway good luck to you Curtis as well! I will continue to throw in my two cents worth as I am in the telecom business anyway and have been watching with intrigue as the IP players try to encroach on the PTT turf and vice versa. Should be interesting, next few years!

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