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: James F. Hopkins who wrote (5452)	1/13/2001 5:10:40 PM
From: Rutgers	Read Replies (1) of 5650

Jim, do you have a link to the bonds?... I've had similar thoughts regarding someone buying up the bonds at .30-.40 on the dollar. I mean why not? The stock was absolutely decimated because of (a) margin selling (which included the CEO); (2) tax-loss selling; (3) Janus dumping the baby out with the bath water; (4) greedy shorts joining in the fray beginning on Nov. 15 to actually increase the short position by nearly 14% by Dec. 15th. So, unless you think she's actually going to go out of business, the bonds are a gift at these levels. Also, good point about a potential takeover. It's been nearly two (2) months since (1) our friends at Goldman were retained as its financial advisor and (2) the Bd of Dir formed a special committee chaired by an independent director, Ralph J. Swett, to review and consider these alternatives and to coordinate the engagement of Goldman Sachs. psi.net

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