PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 59.38

-0.1%

Dec 8 3:59 PM EST

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To: Teknvstr who wrote (1952)	1/31/1998 8:51:00 PM
From: Curtis Gruber	Read Replies (2) of 5650

still confused as to what is going on with PSIX. It is showing support, kinda I guess....if articles are true and bid for close to $15 is forthcoming then why aren't they trading it higher? If there is no truth to the matter then why isn't it back under $6.5 where it was before Usi came forth???? And if no one is quite sure(probable scenario) then where do we trade from here? Everyone and their mother is decreasing estimates for PSIX future earnings, due to the IXC deal I would presume and their recent acquisitions...so does that mean that closer we get to earnings(Feb.10???) and assuming no more bids hit the table then do we trade lower???Or do we wait and see the much anticipated bid come down from Usi for $12 in cash and $3-5 in stock of some telco, unnamed as of yet, and kick ourselves for not picking up more shares/calls like we thought we should?? Right now I am stumped, of course I'm still holding but me thinks I might price out some calls tomorrow and see if I can grab some this week early. We may hop over $8(touched it yesterday) again as we near earnings, esp.after PSIX preannounced some pretty good growth couple weeks back. Anyone got any thoughts??? cheerio, cg

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