PSIX up 26.5%, Takeover(?) Message Board

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

PSIX 65.04

-2.1%

3:10 PM EST

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To: Doug Lakin who wrote (43)	5/20/1996 11:53:00 AM
From: Frank Mathis	of 5650

Doug, PSINet's main business focus is to support it's business customers. PSINet has over 8,000 corporate clients and the count is growing day by day. That's why I kick myself for not buying in when PSINet dropped to 7. The "expert analysts" predicted doom and gloom when both AT&T and MCI reported that they were going to jump into the consumer Internet access fray. Shareholders became nervous and sold...that's when I shoud have bought. I was appalled that these so called "experts" has so little knowledge about PSINet's business model being based on selling to the corporate customer. Most of the early press PSINet received was for it's consumer Pipeline service, so I can somewhat understand the thinking of the analysts. Aren't analysts supposed to delve deeper into a company's bowels than by just reading the press releases? Just my opinion Frank

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