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Technology Stocks : PSIX up 26.5%, Takeover(?)
PSIX 76.01+0.8%3:59 PM EST
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To: alan holman who wrote (537)11/27/1996 7:49:00 PM
From: Peter Kardas   of 5650
 
-- E. Auchard, Wall Street bureau, 212-859-1736

09:35 11-06-96

-- Prudential started coverage of U.S. Internet access provider Performance Systems International Inc <PSIX.O>,

-- Later, analyst Lisa Thompson confirmed that she had started the three stocks as buys.

-- Thompson said she estimated Performance Systems, also known as PSINet, will record a loss of $1.06 per share in 1996, a loss of $0.15 in 1997 and a profit of $1.15 per share in 1998. She set a 12-month target price of $50 on PSI.
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