PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 66.64

-0.6%

Dec 24 12:59 PM EST

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To: bob zagorin who wrote (1791)	1/15/1998 7:39:00 AM
From: JAMES P. McVEIGH	Read Replies (1) of 5650

This is encouraging! It demonstrates that PSIX appears to be on the right track. Hopefully, it may even make them very attractive to others who want to expand their capacities. Hope springs eternal, but PSIX sure tests our patience and courage. The statement about business use of the internet "exploding" is what our hopes for PSIX are all about. Someday, we will look back in hindsight as to how cheap we could have bought the shares for, or we will be admitting that we were damn fools. I'm still on the hopeful side, but it is discouraging to see them spend so much on capacity without having enough customers to come close to using their current capacity. I attended the annual meeting, and it was my understanding at that time that they had more than enough capacity to handle more than double the customer base that they had. Therefore, they stated that they would concentrate on increasing the customers before increasing capacity. It seems that their actions in the months following the meeting have done just the opposite. No wonder that Wall Street does not trust them, and avoids them like a bad illness.

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