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

To: bosquedog who wrote (5316)11/16/2000 2:57:55 PM
From: A. Fineigler  Read Replies (1) | Respond to of 5650
 
Getting GS on board is excellent news for PSIX because it means they are going to maximize shareholder value short term by sale or partnerhsip rather than bleeding to death.

PSIX' cash alone is worth a great deal more than their current stock price. You could buy the entire company for $5/share, break it up, keep the cash, sell the parts, and walk away with a nice profit.

The GS thing is very positive. C&W et al could do worse than buy PSI, if the price is right.

AF
AF



To: bosquedog who wrote (5316)11/20/2000 11:02:25 PM
From: Mr.G  Read Replies (1) | Respond to of 5650
 
My thoughts:
A buyer of PSIX could mean that:
a) XPDR is no longer under the PSIX mismanagement cloud
b) PSIX isnt forced to dump their XPDR shares on the market
XPDR has a few good contracts and they certainly dont have the debt of their current "parent" company.


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