PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 59.46

-2.7%

Dec 5 9:30 AM EST

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To: Teknvstr who wrote (1976)	2/9/1998 11:02:00 PM
From: Oeconomicus	Read Replies (1) of 5650

I don't know if you are being facetious or not Tek, a slightly sarcastic reference to the boost that MSPG (and others) got from AOL's announcement today (10% today also). I don't own any PSIX, so no bitterness here, but I have been following it. It does seem to me that MSPG has proved the "a consumer ISP can never make money" crowd dead wrong, but that doesn't mean the business side can't work eventually. The interesting thing about the AOL news is that they are admitting two important things. First, they can't make money at current rates as average usage (hours) rises; and second, they can't make it up with advertising and web commerce revenues. In other words, a flawed business model. The "also-ran" ISPs like MSPG appear to have a better model and can grab more market from AOL by undercutting prices and still make more money off the same consumer subscribers. Regards, Bob PS: I sold my MSPG a (relatively) long time ago, last fall around $21. Ain't that a kick in the head?

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