Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: michael who wrote (1606)	12/12/1997 12:46:00 AM
From: bob zagorin	Respond to of 5650

there's no doubt we're all frustrated but i haven't seen anything that has been posted here or any news to change my basic view of the company or the investment. i've got 3k at avg. about 9.25 so i'm down too.

To: michael who wrote (1606)	12/12/1997 2:25:00 AM
From: Elroy	Read Replies (2) \| Respond to of 5650

michael wrote: <<I never believed in my wildest dreams we see $6.00 again never mind $5.00. The bottom is close but what will push the price up??>> Curious why you think PSIX is near it's potential low point? With 40 million shares out, PSIX has a a price of about $6, which gives it a market cap of about $240 million. Netcom, which is being acquired, has a market cap of about $23 x 11 million shares, or about $240 million. Netcom has higher revenues than PSIX, and was trading at around $12 before their acquisition was announced. Since PSIX is not being acquired, and they're losing money, what's to stop the share price from declining further? Just curious...