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

To: bob zagorin who wrote (1810)	1/21/1998 6:53:00 PM
From: Dave	Read Replies (1) \| Respond to of 5650

Guys, Digex got taken over by Intermedia Communications for $13. The days of internet speculation are over such as Netscape, Spyglass, Netmanage, UU Net, etc.... Digex was/is a very close competitor of PSI Net. It could be argued that Digex is/was a lot better than PSI, and like I said before, they sold for $13.... Question: What percentage of stock is owned by insiders? What percentage by Institutions? That will be the deciding factor about this takeover.... dave

To: bob zagorin who wrote (1810)	1/22/1998 7:58:00 AM
From: Sandie	Read Replies (1) \| Respond to of 5650

Bob: My view regarding PSIX has always been somewhat "conflicted", but I think I've been consistent all along. I believe the Internet juggernaut will rescue PSINet from the strategic blunders of its management. In any other "traditional" industry group, PSINet would have crashed and burned on at least three seperate occasions: I'm thinking here of their aborted forays into software development, consumer ISP service and their decision to spurn Microsoft (prior to the latter inking a deal with UUNet) because such a relationship would have unduly constrained their autonomy(!) We are also getting a boost from the 1996 Telecom Act and the resultant service bundling movement which is driving all this merger activity. Also on the horizon is VON/FON, the move from circuit switch to packet switch delivery, etc. I believe all of these macro-level forces will make PSINet shareholders winners despite PSINet management's micro mishaps<g>.