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

To: Susan Saline who wrote (5319)	11/16/2000 3:28:09 PM
From: bosquedog	Respond to of 5650

Actually backing out the goodwill from the total assets would provide you with this calculation: ($5,557.3 - 1.609.3)= $3.938-4.317.7 / 191.2 = nothing left for the shareholders. The point being that the goodwill may not be a recoverable asset.

To: Susan Saline who wrote (5319)	11/16/2000 3:28:15 PM
From: Souze	Read Replies (1) \| Respond to of 5650

Reading a little further in the 10-Q, I came across: SUBSEQUENT EVENTS On November 6, 2000, the Compensation Committee of our Board of Directors approved a grant of stock options for up to approximately 20 million shares of common stock to substantially all of our existing employees for retention purposes. The number of shares each grantee will receive will approximate 75% of the shares under current unexercised options the recipient holds as of November 6, 2000, whether these options are vested or unvested. The option exercise price is equal to fair market value on the date of grant. This new grant has a monthly vesting schedule over three years. If I understand the meaning of that paragraph, 20 million shares get added to the 191.x million, reducing the per share value to $5.868. But I'm no expert in this. Please, someone else take a look at the 10-Q: freeedgar.com