PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 65.34

+4.7%

Dec 18 4:00 PM EST

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To: bob zagorin who wrote (1909)	1/24/1998 9:32:00 PM
From: Christopher McCleary	Read Replies (2) of 5650

Sorry, Can't participate in the bet but, the IXC deal doesn't close until march sometime. Mindspring is moving completely off of PSI backbone The money losing canadian ISP (get a chart on them, public on toronto) will drag them down, we looked at buying it, it is a rollup of dial up shops in canada Now that the street is more familiar with the ixc deal, they will stay away -- is my guess. Without some external events, the stock will stay in the 100 day range of less than $9, remeber the IXC deal was announced last year and the street sadjusted for it by pusing the price down when the NASDAQ is still trending up. Chris McCleary

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