PSIX up 26.5%, Takeover(?) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

PSIX 77.25

-2.0%

Jan 23 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bob zagorin who wrote (1587)	12/3/1997 3:05:00 PM
From: Sandie	Read Replies (2) of 5650

From the WSJ: "New AT&T chairman and chief executive, C. Michael Armstrong, is planning targeted investments in local phone, Internet and global services..." Three points: 1. There have been recurrent rumors that AT&T has experienced difficulty building out its own ISP facilities. 2. PSINet has been in talks with AT&T before --I believe Schraeder has confirmed as much in the past. 3. Perhaps there are two acquisition audiences for PSINet. Those who are more interested in the "beachheads" gained by the business accounts (a small fish); and those who are more interested in the infrastructure (the big fish ala ATT). The differing audiences may explain the wide variances in valuation estimates and deal-to-deal comparisons.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next