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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (61961)	11/5/2000 11:25:45 PM
From: torquatus	Read Replies (2) \| Respond to of 122087

Psix is strange because it is not in imminent danger of bankruptcy, with $1 billion in cash, but management continues to build and build and burn up the cash, but the operations are more or less break even, esp when they get rid of a few isps--but why did they acquire them in the first place? Because, I think, they were psix's customers and it was either acquisition or cutting off business (and revenues). With ten data centers, management has mentioned sale/leaseback, but that is only at the permission of the bondholders. It is also hard to tell how much of the capex is maintenance, and management would not answer that question on the cc. At the current rate, however, psix has about 10 months left.