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

To: Art Sidransky who wrote (4756)	11/10/1999 11:46:00 AM
From: Sofa Kingdom	Read Replies (3) \| Respond to of 5650

PSIX has long been speculated as a take-over target. That was when they were a one trick pony ISP. Now they're larger and more divested. Worldwide and into wireless. Some may even say spread pretty thin. They have quite a bit of debt. The suitor would have to be pretty large and deep in the pockets. Who? The PSIX debt load could scuttle a smaller company trying to make a speculative stock buyout. Not to say their aren't boobs out there who wouldn't try a take over. Greed is a powerful drug. I believe they look like a better bet then other offerings right now. The big boys can't figure out if E-commerce will pay off (short term), but buying into a company with known connectivity and bandwidth is safe today. Will the big boys run back to the Internet stocks in a heartbeat. Sure. Lets ride on the side of the couch where the sun shines now. -Sofa Kingdom