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

To: Jay Fisk who wrote (5492)	1/26/2001 10:23:34 AM
From: bob zagorin	Respond to of 5650

thank you jay, i don't have hip boots high enough to wade thru the muck at yahoo and i appreciate your synopsis. i will post here if i find anything interesting.

To: Jay Fisk who wrote (5492)	1/26/2001 10:52:19 AM
From: Rutgers	Read Replies (2) \| Respond to of 5650

thanks Jay, "Insider Buying" should be added to the list... the fall in the stock price last year is well documented, but what grabs my attention is the issuance of new stock options to the Officers on November 6, 2000...the key here is obviously the strike price, which, without further ado, is the lofty price of $2 5/8. IMO, if the intent of the Bd of Dir was to keep their executives after the free-fall in the stock price, they must've felt pretty comfortable that $2 5/8 was at or near the bottom. Equally noteworthy is that these options become exercisable in 36 equal monthly increments beginning one month after the grant, subject to continued employment on each of such vesting dates. check out the SEC Form: 4's filed on 1/24/2001 this is just a summary: James Cragg: options to purchase 322,704 shares at $2 5/8 Kathleen B. Horne: options to purchase 343,656 shares at $2 5/8 Harry Hobbs: options to purchase 481,356 shares at $2 5/8 Lawrence E. Hyatt: options to purchase 150,012 shares at $2 5/8 Lota Zoth: options to purchase 48,780 shares at $2 5/8 Roderick Lyman: options to purchase 48,888 shares at $2 5/8 - Rod also purchased 5000 shares on the open mkt at $1 3/8 on Nov. 20th and the link: freeedgar.com Here's why I think these filings speak volumes: Form 4's must be filed with the SEC by the 10th of the month following the trade. Although most insiders file their forms on time, late filings do occasionally occur. Therefore, I don't know whether these filings were timely made or not, but the bottom line, if these filings are accurate, is that these Insiders have been buying stock through the exercise of their options at $2 5/8.

To: Jay Fisk who wrote (5492)	1/29/2001 3:14:47 PM
From: michaele23	Read Replies (1) \| Respond to of 5650

Jay or anyone: thanks for the good information on PSIX. I recently took a position in this company based mainly on technicals, and have been doing fundamental analysis to see if I wanted to increase my position. I have a few questions/observations if anyone has a minute to comment I would appreciate it. First, I see that earnings are set for Feb 1 but briefing.com says that is unconfirmed. Can anyone confirm that date? Also they are to announce their restructured business plan on the 22, I wonder if the real information that might be garnered from earnings will come then, at least in great part. I am also wondering what to look for from the earnings announcement. Xpedia lost 653mm of last years 1.4 billion loss, so it appears that with that off the books their burn rate will drastically reduce. Right now I am looking/hoping to see continued revenue growth and lower losses for the last quarter. I know Jay the you mentioned getting the burn rate down to 100 billion a quarter. Last year it was 500 according to what I have read, that is a big jump and without more than I can see now I am not sure they can get there. However, even at 200 billion per quarter, they still get to 2002 and I do think that with interest rate cuts and an improved economy the last six months of the year that that will be tremendously improved by the end of the year in any case. I think that all it will take is one good piece of news for this stock to go back above 7, and that there are many possible bits of news that could happen. Also if the meeting on the 22nd shows a well thought through plan the company could see a strong steady come back. Any comments? TIA Michaele