PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 65.77

+3.6%

Dec 11 3:59 PM EST

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To: wtett who wrote (1942)	1/28/1998 2:26:00 AM
From: bob zagorin	Read Replies (1) of 5650

right on wtett. anybody can be a critic. look at the geniuses at nscp, asnd, aapl etc. we all tend to forget that what really changed the ISP business back in the spring of 96 was the flat rate $20 pricing and the entry of AT&T, MCI et. al. Wall Street dropped all the ISPs snd even mighty AOL like a hot rock. UUNT got a big premium from a very depressed price probably because they had MSFT as a client as well as a good infrastructure. To me, PSIX changes represent reasonable choices even with benefit of hindsight. They still may prove out over long haul despite the critics. concentrating on higher margin business clients still seems right; expanding and upgrading the network internationally although they had a problem with their european partner. I also think some of their institutional backing (Amerindo) got forced out due to some non-psix stock problems. anyway, psix is a show me stock for the analysts but it's right in the middle of the telco-clec-isp convergence and, if the right company decides to move in that direction, they'll get a good offer. they might even get a couple competing bids.

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