PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 54.29

-1.2%

Nov 25 3:59 PM EST

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To: Luce Wildebeest who wrote (5332)	11/16/2000 5:09:06 PM
From: Luce Wildebeest	Read Replies (1) of 5650

PSINet Announces Bank Sale of CEO's Pledged Shares ASHBURN, Va.--(BUSINESS WIRE)--Nov. 16, 2000--PSINet Inc. (NASDAQ:PSIX - news), the Internet Super Carrier, today announced that it has been advised that a bank that had made a loan to William L. Schrader, chairman and chief executive officer of PSINet, had made a margin call on the approximately 11.4 million shares of PSINet common stock that had been pledged by Mr. Schrader to secure the loan and that the bank was in the process of selling some or all of those shares as a result of the margin call.

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