PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 52.15

+1.3%

Nov 21 3:59 PM EST

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To: Dave Kahn who wrote (5477)	1/19/2001 4:03:14 PM
From: Souze	of 5650

Here's a post from the past that poses a $30 value for PSIX. Message 15007318 Also, a month or so ago, an analyst in an audio-only interview gave a then current value for PSIX in a range of (if memory serves) $7-14, depending on whether it was sold for breakup value or as a whole business. Myself, I have little sense of a target price for PSIX except that it would be much higher than today's price. My hope, not my expectation, is that PSINet partners with someone who has deep pockets; I think that would give us maximum share value. My expectation is that PSINet, with the help of Goldman & co., restructures enough to become a self-sustaining entity and that it then gets bought. My reservation about a buyout is that the price offered has to have some reasonable relationship to the market-awarded share price, otherwise the buyer's shareholders won't approve the deal. Just some thoughts. Good luck.

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