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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?

To: JustMy2Cents who wrote (4575)	6/23/1999 10:01:00 PM
From: Curtis Gruber	Respond to of 5650

Hal/JustMY, thanks for the article/update. As well:http://biz.yahoo.com/prnews/990623/ca_bancbos_3.html Nice reaffirmation from BBRS. And then, I'm not sure if this was mentioned here: <<<* PSINET INC said it had bought Caribbean Internet Service Corp., one of the largest Internet Service Providers (ISP) in Puerto Rico with 14,000 business and residential customers. The terms of the deal were not revealed. Caribbean Internet offers local service in 50 of Puerto Rico's 78 municipalities and has a market share of about 30%. The opportunities for growth in the market are strong, as industry studies show just 13% of island homes have personal computers, and not all of those are connected to the Internet. (Reuters 05:09 PM ET 06/23/99) For the full text story, see infobeat.com >>>>>> Nice to see us recovering some of our lost ground, just hope our recent rise is more in support of PSIX true value, and not just in sympathy with QWST/FRO/USW & ELNK/FON/GTW. regards, cg

To: JustMy2Cents who wrote (4575)	6/23/1999 10:16:00 PM
From: Curtis Gruber	Read Replies (2) \| Respond to of 5650

Although if it is any deal that we would be up in sympathy with is MFNX/ABOV. Funny, they were offering 1.9billion on Monday for a company with 3.5mill in sales all of last year. biz.yahoo.com While our business models are not even close to identical, their are some similarities. Just interesting to see the amt. of money one company will pay, regardless of revenues, based on what they feel value is. I'm not going to start any PSIX takeover talk because it is usually a waste of time to do so, but with all the recent merger talk in telecoms, it does attest to the value that is inherent in a company such as ours. regards, cg