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

To: drifting the world who wrote (1463)	11/6/1997 10:35:00 AM
From: wtett	Read Replies (1) \| Respond to of 5650

I'll do my best to answer your questions. I suspect the stock is so depressed that they would only offer new stock as a last resort and the dilution would be terrible for current stockholders. The takeover play has been the primary discussion point on the company since May of last year when UUNET was acquired. Of course, the price is probably the critical issue in everyone's mind. We've seen estimates of everything from $12.50 (most recent) to the mid 20's. I urge you to read the posts from about 1000 to here and you will see some very thoughtful information on numbers, management statements at the annual meeting, etc. In addition, you can go to the PSI home page (psi.net) and get the financials, and the conference calls on the quarterly reports. After that, you can wonder like the rest of us about the direction of the company. That's my great frustration and the concern of most analysts. As the fellow stated in the internet report this week and to paraphrase: Does the company need a compass? Legitimate question. Like Kate, I'm very long. But unlike Kate, I'm frustrated.