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

To: wtett who wrote (1663)	12/21/1997 8:14:00 PM
From: Jeff G.	Respond to of 5650

Wtett, I've been wathching this stock for the last year, just waiting to get in, thankfully I didn't. You say a takeover in the $10-$12 range is possible. If that's the case, getting in at $4 ain't that bad!!! Where do you see PSIX in a year or two years without a takeover. Do they have the business and/or cashflow to stay in business? This looks like a great January play. People are dumping this thing for tax purposes. Thanks, Jeff BTW, my two other January plays are NETM and ESOL.

To: wtett who wrote (1663)	12/23/1997 9:01:00 AM
From: Wayners	Read Replies (3) \| Respond to of 5650

Hello!! Wake up. PSIX was already sold to IXC, but it seems everybody missed it. Remember, PSIX owes IXC $240M so PSIX has to come up with cash and stock in order to pay. There is only one problem, PSIX only has $207.5M in market capitalization. Even handing IXC the whole company, PSIX cannot pay without issuing a huge amount of stock which will make all of your shares a worthless penny stock. I think PSIX will issue over 200M new shares in order to take the money from current shareholders in order to pay IXC. IXC gets the 200M shares from the new issue. Lets see, 40M shares now, plus 200M new shares equals 240M shares. Current market cap of $207.5M divided by 240M shares equals $0.86 per share, and PSIX still owes IXC more money. Yep PSIX will have to issue more than 200M shares. How about 300M shares? 40M plus 300M equals 340M shares. Considering today's market cap, PSIX stock would then be worth only $0.69 a share and IXC would have been paid $207M, still owing IXC $23M. Short PSIX TODAY!!!