PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 75.41

+6.4%

3:59 PM EST

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To: Abbott A. Williams who wrote (559)	12/9/1996 4:04:00 PM
From: Randy Tidd	of 5650

> What do you think now , after market closing friday Dec 6, 1996?? I am still bullish on PSIX long term, the next 12-18 months especially. But we're in the dead time between earnings reports and the last earnings report wasn't particularly good. With no news or analyst reports the stock is falling slowly. I doubt it will get to its previous lows of 8 1/2 but we might see 11 or 10 1/2 before earnings are announced again. If we see 8 1/2, I'll be buying plenty more! I believe PSIX can continue their transition from investing heavily to being a profitable company but right now is a pretty tough time. Fundamentally the company looks like it is hemorrhaging cash internally and floundering. You have to believe their long-term story to see the value. Randy

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