PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 52.60

-3.1%

Nov 26 3:59 PM EST

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To: Luce Wildebeest who wrote (5199)	11/3/2000 1:25:03 PM
From: Curtis Gruber	Read Replies (3) of 5650

I'm not foolish enough to think that bankruptcy is not a possiblity, that's the chance you take w/any company. Won't happen here, at least that's my firm belief. First reason, is there are way too many valuable assets here. Even if they did run out of cash next year(which they would not let themselves get to that point), they have hundreds of millions of dollars of property and equipment and other physical assets they could sell. They also have a ventures fund which hopefully is valued somewhere in the hundreds of millions, though we've been kept in the dark about that. 2nd reason is Bill Schrader. The guy just has too much pride. Yes, it may have led to him making some mistakes and not selling when he should've, as he admitted. But does anyone really think this guy is gonna let 'his gem' go bankrupt. Do you think he'd really go out like that? Gimme a break. He would never let that happen, that much i can tell, and i never even met the guy. Just my opinion, cg

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