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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
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To: STEAMROLLER who wrote (726)7/22/1998 3:54:00 PM
From: PMS  Read Replies (1) of 119973
 
| ------ | Respond | Earnings |
To: Lorenzo Perez (2892 )
From: JC Reddy Wednesday, Jul 22 1998 3:28PM ET
Reply # of 2893
BRIEFING

14:19 ET PSINet Inc. (PSIX) 15 1/16 +2: Shares of Internet access
provider being picked up on Internet investors' radar screens following
company's report of Q2 results. After the close, PSIX reported a Q2 loss
of $0.67 a share, 2 cents narrower than analysts were expecting.
Revenues rose 82% to $53.7 mln. In addition, DLJ has started coverage of
stock with a "Top Pick" rating, calling company the largest pure-play
Internet company in the world. Views PSIX as an attractive takeover play
as well. Firm established a price target of $25 a share, based on 5x
last qtr's annualized revenues. Volume today 3.6 mln shares
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