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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 subject3/13/2001 9:00:53 AM
From: Curtis Gruber   of 5650
 
Regarding purchase/sale of TNS:

lots of "what if's" and the like, but bottom line the company didn't do so bad. They paid 325mill. cash, they're getting 300mill. TNS is/was their highest margin business, they made lots of money during their tenure as "foster parent", they no doubt gained some key personnel which they may or may not retain and developed hopefully many new customers that they may not have otherwise.

Of course they had to dilute our positions to do it, so we lost out, but the company really did not, imo.

cg
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