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

To: michael who wrote (1500)	11/13/1997 10:39:00 AM
From: Ed Klar	Read Replies (1) \| Respond to of 5650

Someone should contact the clown from Jupiter Communications who strongly recommended this stock at around $24 a year or two ago on CNBC's Squawkbox. I think his name was something like Schumacker or something. One thing I've learned is don't trust the analysts ... more often than not they are dead wrong. They are a bunch of 20 of 30 something pencil pushers who sound good, look good but have no ability to truly evaluate, ask the poignant questions. (On the other hand I wouldn't be overly influenced by the 50 somethings who think nothing ever changes and history always and must repeat itself - they take 50-60 years of stock market history and make the absolute statement that a recession is definitely on the way. They are the same jokers who could never imagine the collapse of the Soviet Union, a pc in 40% of american households and on and on. (isn't it about time they got new folks at the squawkbox ... what a bunch of lazy bums ... the only one who does any work is Maria ... Mark Haines is a blimp - who cares about his kids ... and does David Faber work at all? ... Jack Welch is getting ripped off) Don't get me going.

To: michael who wrote (1500)	11/13/1997 10:40:00 AM
From: kathleen e duffy	Read Replies (1) \| Respond to of 5650

Michael, I didn't ask you why..I said if you want to be negative, that's cool. I simply hope we stick to the facts and not create "facts" as we go along. I don't think there has been a downgrade in the last several months. Am I wrong? Anyone? -kate long PSIX, no Pollyanna, but trying to keep facts straight :)

To: michael who wrote (1500)	11/13/1997 12:02:00 PM
From: Ken Turetzky	Read Replies (1) \| Respond to of 5650

Look at the title of this thread, Michael; that's the only reason to own PSIX. Technology Monthly Growth Stock Review - Part 1 of 2 05:39pm EST 12-Nov-97 Pacific Growth Equities AZPN BARR CKFR DSPC EDFY ELMG EMC * PSINet, Inc. (PSIX:Nasdaq) $8.38 PSIX reported disappointing results for Q3:97, due to a slowdown in subscriber growth and provisioning problems with the local telephone companies. The Company also stated that it will increase S&M spending in Q4:97 and forgo near-term profitability goals in exchange for faster top line growth. Given this guidance, we believe the Company will run out of cash around July 1998. While we continue to believe PSIX is an attractive acquisition candidate (albeit at lower prices), we do not think the stock will appreciate significantly on its own merits over the next 6-9 months. We thus lowered our recommendation from Strong Buy to Buy.