PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 53.83

+2.3%

12:50 PM EST

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To: neko who started this subject	10/2/2000 8:57:35 AM
From: Curtis Gruber	Read Replies (1) of 5650

"The list would be incomplete without mentioning PSINet (NASDAQ: PSIX - news) . To our surprise, shares of the self-styled Internet Super Carrier barely moved following the announcement from Exodus. We believe that PSINet is truly the first mover into the market for integrated communications, realizing early the value of bundling such services. The company amassed an impressive base of communications infrastructure assets, building a global network of data centers -- nine at this time. Moreover, we believe that PSINet is one step ahead of its competition, thanks to the acquisition of Metamor Worldwide earlier this year. That transaction made PSINet's integrated offering of Internet connectivity and web hosting services more complete, adding web application development capabilities to the package. This expertise in delivering such a diverse set of services, in our opinion, cannot be ignored for long." biz.yahoo.com

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