PSI Message Board - Msg: 18147

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Technology Stocks : PSI

PSIX 59.20

-5.2%

Dec 30 3:59 PM EST

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To: Mony Change who wrote ()	1/26/1996 11:05:00 PM
From: Gary Walker	of 30

There is nothing special about this company except it's valuation: The hesteria of the internet market has driven this and a whole host of internet involved companies to ridiculous levels. Just check out the waves of IPO's involving the internet. The business view is this: six months ago the new internet surfer took advantage of AOL's 10 hours of free access to taste the net for $15 plus $1 something per hour over 5 hours. Two months ago PSI was offering a netscape brower, email, etc. for $29 a month for 29 hours of access. I just heard ad on the radio for another internet provider who offers UNLIMITED access time and 8 megs of home page storage for $29 a month or $265 a year. Internet access is becoming a commodity. What'll happen to the stock when the market figures this out? Right now earnings and sales are going up so the sky's the limit.

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