PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 73.96

-3.6%

3:59 PM EST

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To: kathleen e duffy who wrote (1662)	12/21/1997 8:04:00 PM
From: wtett	Read Replies (2) of 5650

Kate, I hate to say this, but I spoke to two analysts Friday as the stock traded to 4 1/4 and I saw my investment worth virtually nothing. Neither of the two, and I will not name them because it might not be appropriate, had a single good word to say about the future of this company. My impression is that if the company doesn't sell out at a much reduced price from what I had anticipated, there ain't no future. I certainly hope they are wrong, but they were adamant. I gather a reasonable expectation in a takeout is now in the 10-12 range, which frankly, would be a bitter disappointment to me considering the terrible ride for the last 18 months. There just aren't any projections pointing to future profits, or even positive cash flow. We have also experienced a 16 million share dillution in these latest transactions, if we are lucky...If the stock stays here, we don't stand a chance because of the adjustments of the conversions. Very, Very risky. I have to admit that I violated my investment disciplines on this one also.

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