PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 78.68

+1.1%

3:59 PM EST

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To: michael who wrote (1606)	12/12/1997 2:25:00 AM
From: Elroy	Read Replies (2) of 5650

michael wrote: <<I never believed in my wildest dreams we see $6.00 again never mind $5.00. The bottom is close but what will push the price up??>> Curious why you think PSIX is near it's potential low point? With 40 million shares out, PSIX has a a price of about $6, which gives it a market cap of about $240 million. Netcom, which is being acquired, has a market cap of about $23 x 11 million shares, or about $240 million. Netcom has higher revenues than PSIX, and was trading at around $12 before their acquisition was announced. Since PSIX is not being acquired, and they're losing money, what's to stop the share price from declining further? Just curious...

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