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Technology Stocks : PSIX up 26.5%, Takeover(?)
PSIX 54.08+2.8%Nov 28 9:30 AM EST

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To: Mark A. Holder who wrote (5012)9/15/2000 1:05:53 PM
From: washcapsfan  Read Replies (2) of 5650
 
I suspect that PSIX will be dead money for the next two to three months. Perhaps as the 2001 calendar year comes into focus, Hyatt will be able to provide better guidance.

In addition, we can hope that the XPDR "softness" will harden up. IMO, they should strongly consider selling XPDR, along with their plans on inter.net, and perhaps a piece of TNSI to raise that $600mm they "need".

It is a little outrageous that they need more money at this point. Their revenues should be sufficient to cover their costs, even with continued hosting center build-out.

I am also a bit surprised at this revelation, given the statements of David Kunkel on Yahoo, and WIlliam Schrader on CNBC about the management of the burn, and the "execution" of the plan.

Oh well. I have been in this long, what's another few months to see if they can make it work.
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