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


To: drifting the world who wrote (1461)11/4/1997 10:57:00 PM
From: wtett  Read Replies (1) | Respond to of 5650
 
PSIX just doesn't have the capital to position themselves as number 1 worldwide. Their competition has virtually unlimited funding and PSI has very limited capital. That is the reality of the situation. I also believe they are trying to hold out for a major payday. But as they burn their cash, and they don't have much, their bargaining position becomes weaker. I think Bill S. is rolling the dice and I hope he comes up a big winner. I must admit to some discouragement. It's frustrating trying to figure what everyone involved is thinking.



To: drifting the world who wrote (1461)11/6/1997 8:46:00 AM
From: Richard Chow  Respond to of 5650
 
Hi, all:

New to the thread...Please elaborate on current working relationship between LU and PSIX and why you think LU wants to own an ISP...

Thx



To: drifting the world who wrote (1461)11/10/1997 10:23:00 AM
From: wtett  Read Replies (1) | Respond to of 5650
 
Looks like you're right. Making an acquisition in Canada. Certainly expands their scope. Interesting. And, it looks like they're paying less than one times revenues. I guess at those prices you buy instead of sell, if you can arrange the financing.