PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 54.94

+5.3%

Nov 24 3:59 PM EST

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To: Souze who wrote (5421)	12/28/2000 3:57:52 PM
From: Ilya A. Vasserman	Read Replies (2) of 5650

Now I am consfused, If their liabilities are greater than their assets, why would their book value be positive? Book value, as far as I understand it, is the actual value of the company based on its assets if it was sold piece meal and all liabilities paid off. I also have seen statements in the press as to the value of their assets and the number have been around 6 to 7 billion. In such a case the 3.4 billion in debt is still less than the value of the assets. What am I seeig wrong here? Please enlighten Ilya

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