PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 66.76

-2.9%

Dec 22 3:59 PM EST

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To: bob zagorin who wrote (1810)	1/22/1998 7:58:00 AM
From: Sandie	Read Replies (1) of 5650

Bob: My view regarding PSIX has always been somewhat "conflicted", but I think I've been consistent all along. I believe the Internet juggernaut will rescue PSINet from the strategic blunders of its management. In any other "traditional" industry group, PSINet would have crashed and burned on at least three seperate occasions: I'm thinking here of their aborted forays into software development, consumer ISP service and their decision to spurn Microsoft (prior to the latter inking a deal with UUNet) because such a relationship would have unduly constrained their autonomy(!) We are also getting a boost from the 1996 Telecom Act and the resultant service bundling movement which is driving all this merger activity. Also on the horizon is VON/FON, the move from circuit switch to packet switch delivery, etc. I believe all of these macro-level forces will make PSINet shareholders winners despite PSINet management's micro mishaps<g>.

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