PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 60.86

+3.6%

2:20 PM EST

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To: Sung Q. Kim who wrote (127)	6/4/1996 2:22:00 AM
From: Chris Alexander	of 5650

Sung, don't be impressed with this so-called news article about PSINet and Pipeline. It is obvious that it is written from the standpoint of the FORMER owner, so what kind of spin would one expect on the story! The reason PSINet bought them is because NY is a difficult market to enter and why NY? NYNEX! Bell Atlantic still looks to be the favorite. They are in a non-disclosure agreement with PSINet and what is PSINet doing but developing the company for Bell Atlantic before the deal is announced. I would be depressed if news indicated that PSINet might make it on its own. It can't and so a buyout is imminent. That MUST be understood as GOOD NEWS to us shareholders. I think things are right on track. Daniel is a weasel. Chris

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