PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 77.25

-2.0%

Jan 23 9:30 AM EST

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To: Chris who wrote (1644)	12/17/1997 5:52:00 PM
From: wtett	Read Replies (1) of 5650

If you are referring to the arbitration, I don't think the company ever disclosed a specific reason for the announced agreement not being consumated. I've wondered about that also. But, as is the case with most things PSI does, the stockholders are not privy to the facts. Given the performance of the company and the stock, it's probably best we don't know their thinking. As I said earlier, it's a long winter. If I had only thought in my wildest dreams the stock would decline to this level.......At least the shorts are happy. I wonder when they will cover. It's a little scarey that they haven't closed out. Anyway, I tip my hat to some sharp cookies with great nerves for them to hold their positions in the face of what I thought was a certain buyout.

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