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 9:30 AM EST

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To: neko who started this subject	2/14/2001 10:07:04 PM
From: Curtis Gruber	of 5650

Psinet paid $351 cash for TNS and up to 7.8million shares. psinet.com So if they sell for approx. this amt, company loses no real cash(for the most part) on TNS, shareholders just take the hit for the dilution of company. Much the same as XPDR and MMWW writedowns and future sales. I believe that was all stock deal, so again, company in no worse shape balance sheet wise(for the most part), just us shareholders who will end up w/less than 0 return on these specific investments made by Schrader. cg

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