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Technology Stocks : Xpedior Incorporated (XPDR) -- Ignore unavailable to you. Want to Upgrade?

To: helkel who wrote (119)	3/22/2000 6:02:00 PM
From: Mad2	Read Replies (1) \| Respond to of 132

PSIX bought MMWW as they see it (and XPDR) as a net to bring business into their portal business. MMWW (and XPDR) serve the govt and fortune 500 market. I personally believe that the price of MMWW was determined based on the trading range of MMWW over the last 6 months and MMWW mgnt avoids problems with shareholders at this level. XPDR was oversold relative to its peers due to the announced intent to spin MMWW's remaining shares of XPDR (41.5mil) off to MMWW shareholders. Essentially this allowed arb's to buy MMWW and short XPDR (1.19 shares of XPDR were anticipated for each share of MMWW), picking up a nice profit on the spread. From my read of PSIX's release, they have no intent of spinning off XPDR, rather they are putting 50 mil in cash in return for convertable debit that converts at $37/share (note I haven't read the filing, this is based on the news release. MMWW is played out.....done. Question remains with XPDR in terms of supply and demand of shares. 2.4 mil shorts as of last month......probably most institutional holdings offset with .8 share of MMWW, We'll have to see how it plays, today's news should be considered good for xpdr from a longer term view and well see haw the analysts view it......if their future prospects are viewd positively (certianly that was written into the news release), we might see some new money come in, which coupled with potential demand from short covering (due to the elimination of the spin) could push this higher. Only down side is the health of the tech market....could be running out of gas, so analysis based on yesterdays stock behavior may not playout the same going forward. I also need to see who the VC and players are behind PSIX....certianly that has positively contributed to SCNT's rise (KP) Regards, Mad2 BTW-amlong xpdr