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

To: Curtis Gruber who wrote (5078)	9/24/2000 4:53:15 PM
From: Curtis Gruber	Read Replies (2) \| Respond to of 5650

Psinet takeover? I'm not sure at this point. Seems like it would make sense, not because of the price really. Seems like everyone wants to yell takeover when the price is low as if the BOD is going to just approve an offer for that reason alone. Why should they? Why take 5 billion for the company just because it's trading at 2billion. Especially when we all know the company is worth 10-20billion. Now the flip side is I could see them selling just because of the cash and downward revenues. Because of no earnings Psinet has lived and (as of now died) off revenues. With capped revenues and a serious need for cash, now might be the time to seriously look for a suitor, if they're not already. The rumors seem to be intensifying from more than one source that Psinet is not necessarily in play right now, but should be soon. Tough to say and who really knows. Of course I am not perpetuating any rumors since 99% of them are untrue,but I think it is worth discussing due to recent articles and share price. regards, cg