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

To: James F. Hopkins who wrote (5284)	11/11/2000 4:35:01 PM
From: Patrice Gigahurtz	Read Replies (2) \| Respond to of 5650

I'd love to have $7 1/2 but I'd take $5. I looked at some web sites that have PSIX financials and I can't make much sense out of it as I don't have a background in accounting. If I take their debt and subtract it from their net assets that yields their relative worth, right ? What figures do you come up with ? Is their net worth, divided by the number of out standing shares, a measure of their value if the company were sold ? What worth, if any, is the large debt ? Would debt in itself scare of an acquirer ? I got hooked into this stock by their apparent impressive revs but don't know much about accounting to tell that I saw a mirage of sorts as they lost a lot of money. Another company with large revs is SGI and yet their stock is in the low digits as well but higher than $2. So it appears that going forward is the determination with regards to whether a stock as the potential to increase in value my from perspective. Having said that, what's the forward looking possibilties for PSIX if it stays independent ? Can they bring in enough new cash and also fund their debt requirements ? Let's say 1bill in cash, after that's spent, then what ? Can't they sell say Inter.net to another consumer ISP and if so how much could that bring ? Can they liquidate their venture investments too ? With the markets in a downward spiral is this the climate you'd want given PSIX's situation ? Question about bond holders: Is that where the whole debt load exist ? Thanks I'd reconsider holding my PSIX across into 2001 but only if the stock price seems to get some legs and/or the company gets some positive news that gives me some hope of getting a better price in 2001 or beyond. I'd even hold my PSIX shares for as a long term investment if I could be convinced that this mess can be can be fixed.