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: bob zagorin who wrote (1687)	12/24/1997 1:42:00 PM
From: Wayners	Respond to of 5650

Check out the financials on iStar at their homepage. You will notice that they are not making any money either, so I find it interesting that the press release says that " we expect the acquisition to become accretive to EBITDA during late 1998, and to provide a substantial contribution to EBITDA in 1999 and beyond". I also found it interesting that iStar rejected PSIX original bid using convertible preferred shares yielding 8%, preferring CASH instead. Can't blame PSIX for trying, but iStar must not have too much faith in PSIX shares in the future. iStar is so small that it will have no effect on the PSIX bottom line, except the outlay of cash from each shareholder's pocket. Thanks William Shrader. Short to Zero.