PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 66.64

-0.6%

12:59 PM EST

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To: Charlie Yang who wrote (2123)	3/6/1998 6:37:00 PM
From: wtett	Read Replies (1) of 5650

Thanks for the post. Interesting that both KBRO and FBR talk about $18, but for different reasons. Also interesting that, if I interpreted what I read from the analyst presentation in December and management's interview comments, revenues in 2000 should approach $1 billion and earnings approach $4.00 a share in that year and $6.00 or more in 2001. I hope David or someone will correct me if I misread the info. Maybe the analyst is "hedging" on the conservative side. Back to the shorter term, any guesses on revenues for 1st quarter??? I'll guess $45 million plus, assuming consolidation of iStar for full quarter. If stock trades at only 3 times annualized revenues, should support a price of $10 plus. Anyway, I feel much better above 8 than below.

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