PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 71.66

-5.4%

Jan 30 9:30 AM EST

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To: david thor who wrote (1546)	11/19/1997 2:57:00 PM
From: Sandie	Read Replies (2) of 5650

The massive consolidation forces at work within the telecom industry today will overwhelm, and deliver safely, even those poorly managed companies who happen to find themselves at the center of things through an accident of history. Translation: This thing is too big for even Schraeder to screw up <g>. I believe I said it here before that BA and BT would make very powerful, and logical, marriage partners. With the dissolution of Concert (and $7 billion in proceeds from their MCI stock), BT needs --and can well afford-- a North American partner. I believe it was in the last BT Annual Report the Chairman, commenting on the impending BT/MCI merger, noted that North America is the most lucrative telecom corridor in the world. NA is a crucial market for another important reason: it hones your telecom skills for other less demanding markets, keeping you highly competitive. Look at how the RBOCs carried their relatively low-tech LEC skills overseas during the 80s and made killings. The first world's junk is the third world's treasure or something like that Heck, I'm going to go out on a limb and predict that BT will acquire either BA or Sprint. My only concern re Sprint as an acquiree would be whether its Global One alliance with FT and DT precludes such an arrangement. Geez, talk about a powerhouse: Global One/BT!! Would the EC approve this, let alone the FCC? If you belive some market projections that the telecom industry will hit $2 trillion by 2000, maybe even this combination is not an undue concentration of market power. PSINet is a blip in this dance of the Titans.

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