PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 54.65

+4.8%

12:39 PM EST

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To: neko who started this subject	1/12/2001 8:15:16 AM
From: Souze	Read Replies (2) of 5650

PSINet Up -4: Kaufman Analyst Sees Stk Reaching $20 Dow Jones Newswires January 11, 2001 Vik Grover, an analyst with Kaufman Brothers, noted that PSINet has hired Ernst & Young to perform an internal review of its operations. He said he expects that review to be finished this month. With the internal review complete, he said, PSINet "will meet their funding gap and announce divestitures" and a revised business plan, probably on Feb. 22, when the company is scheduled to meet with analysts. Grover said he expects PSINet's shares to reach $20 by year-end. -By Michael Buettner, Dow Jones Newswires, 804-698-7385 Michael.Buettner@dowjones.com

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