PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 67.07

+0.5%

Dec 23 3:59 PM EST

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To: wtett who wrote (2066)	2/22/1998 11:27:00 AM
From: Rob Norwood	Read Replies (3) of 5650

I thought the timing was interesting in that it was done after closing on Friday, such that the investors would have time to digest the release before making a move - therefore keeping the stock movement from becoming jittery. McCleary is, after all, still a major shareholder as far as I know. Perhaps the press release was just an attention-getter, which I suspected the original offer also was. Regardless of the cold reception many here gave McCleary previously, I still thought it was remarkable that I would sign on today and not see eight or ten posts on the matter. I do not think the PSI deal did wonders for the IXC stock. IXC is only benefitting from the current healthy state of the market, as PSI should also be, but has not for the last two years.

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