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

To: Adam Smith who wrote (1449)	10/30/1997 5:50:00 PM
From: Chris	Read Replies (1) \| Respond to of 5650

...unpredictable CEO..! how very true! We are waiting somebody to buy them and in the meantime they are buying...No intention to be bought.

To: Adam Smith who wrote (1449)	11/4/1997 5:46:00 PM
From: John Klein	Read Replies (2) \| Respond to of 5650

This is incorrect. There are still a number of old and new players operating independent of any major suitor (telco or otherwise). Most of the new guys are VC backed and debt-ridden, while only a few specialized or regional players are profitable. Additionally, the IIXC deal pretty much eliminates PSIX from this list. When this thing goes, it will be a fire sale. There are a good number of legacy customers and some equipment worth salvaging, but time is on the buyers side (take a look at the sale of Netrail in Atlanta for a snapshot of things to come). The IIXC deal is either a stroke of genius on the part of IIXC management, or a major blunder on the part of PSIX. After looking at both of these companies in detail, I would bet the later is more likely.