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

To: JAMES P. McVEIGH who wrote (1470)	11/7/1997 11:57:00 AM
From: Sandie	Read Replies (1) \| Respond to of 5650

I believe Schraeder has Founders Complex and we are all suffering for it. In its advanced stages, FC renders the afflicted individual impervious to market realities, hardening his ego in a manner akin to arterial sclerosis. The market is discounting PSIX for Chairman Bill's maniacal hold on PSIX' reins. He will NOT be offered a COO position in the acquiring firm (like his nemeis, UUnet's Sidgemore at WCOM). His credibility is in tatters after numerous earnings shortfalls. He is detested by the Wall Street analyst community (mind you, not an altogether bad thing). In short, we the shareholders are being dragged along in this ugly exercise of hubris and overweaning pride. How bad can it get? Look at how the Haft family feud almost destroyed the Dart group. Reasonable minds need not intervene, particularly in a closely held company like PSINet. "Market forces" can be held at bay for a long time (by this I mean management reshuffling, board reconstitution, etc.) Right now, the market is screaming on this one through the only recourse it has: the share price. "Stay away!" it is saying. This kind of thing cen get v-e-r-y ugly.

To: JAMES P. McVEIGH who wrote (1470)	11/13/1997 2:37:00 PM
From: blankmind	Read Replies (1) \| Respond to of 5650

webweek this week lists the top 10 isp's, psix comes in 10th, and on the same page an article entitled "dial-up industry is buyer's market: small isp's get out, telcos move in", as small isp's are being purchased by larger players. just took a position today, and hope psix sees better days. 1. aol 2.16b 2. compuserve 1.41b 3. ibm 1.14b 4. msn 739 mil 5. uunet 351 mil 6. netcom 275 mil 7. concentric 264 mil 8. prodigy 264 mil 9. at&t 251 mil 10. psinet 146 mil