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: voyagers_stocktips who wrote (5640)	5/16/2001 9:10:23 PM
From: HerbVic	of 5650

PSINET could become the biggest high-tech bankruptcy ever. Here's the story behind the company's fatal slide. forbes.com In the past month William Schrader has been booted out of the top job at PSINet, watched it start to default on $4 billion in debt and seen its stock get delisted. Once as high as $60, it had fallen to 18 cents. And still the accolades roll in. Peter Dameris calls Schrader "a brilliant person"—this from a man who sold the consulting firm he ran to Schrader for stock worth $1.4 billion last year, only to see that value disappear as the stock crashed. A PSINet alum whose options ended up worthless calls Schrader "a great human being and a great guy to work for." <snip>

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