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 9:18:00 AM
From: HVN	Read Replies (2) of 5650

Thanks for your reponse. I wasn't been judgemental about the management. I was asking for an opinion. However, from the little I have learnt about the company, I just get the impression that they basically took the wrong route. That's OK! A lot of companies do that in the early stages of an industry. The MCIs, BBNs and AT&Ts started offering low cost access ages ago. What my issue/concern is that PSIX management took so long to realize it and then pull back before charting a new course. This wouldn't be an issue in a slower industry, however, given the industry PSIX is in, and the amazing advantage they had of being one of the backbones of the internet, if you don't/can't adapt quickly (and by quickly, I mean faster than they appear to have), you get killed. THAT's almost ALWAYS management's fault. Isn't it? I work in a large corporation in an industry that has grown at about 40% annually for the past 15 years and is getting hyper competitive. Even though our compeititive and industry gathering efforts are rather limited, we still know what is required of us to survive. That's all I would expect from PSIX's management.

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