PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 67.96

-3.0%

3:59 PM EST

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To: michael who wrote (1500)	11/13/1997 12:02:00 PM
From: Ken Turetzky	Read Replies (1) of 5650

Look at the title of this thread, Michael; that's the only reason to own PSIX. Technology Monthly Growth Stock Review - Part 1 of 2 05:39pm EST 12-Nov-97 Pacific Growth Equities AZPN BARR CKFR DSPC EDFY ELMG EMC * PSINet, Inc. (PSIX:Nasdaq) $8.38 PSIX reported disappointing results for Q3:97, due to a slowdown in subscriber growth and provisioning problems with the local telephone companies. The Company also stated that it will increase S&M spending in Q4:97 and forgo near-term profitability goals in exchange for faster top line growth. Given this guidance, we believe the Company will run out of cash around July 1998. While we continue to believe PSIX is an attractive acquisition candidate (albeit at lower prices), we do not think the stock will appreciate significantly on its own merits over the next 6-9 months. We thus lowered our recommendation from Strong Buy to Buy.

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