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

To: Oeconomicus who wrote (1837)	1/22/1998 11:52:00 AM
From: Rubber Man	Read Replies (1) \| Respond to of 5650

Let's just say I think this stock got a much needed boost from the has-been rumour. It was expected that $10/share will be rejected. While I don't like the fact that PSIX committing everyone to a 20 year deal, I certain am not recommending that they nix it. What concerns me is that at the pace of technology, who knows what this backbone be worth in the future (IMO due south)? The infrastructure can only be expanded X times (multiplexing, etc) and wireless will probably be the craze soon enough. Regarding the bit about the future- the opportunity cost of holding PSIX stock to 2000 is far greater than daytrading the same amount of money till that time..

To: Oeconomicus who wrote (1837)	1/22/1998 4:34:00 PM
From: JAMES P. McVEIGH	Read Replies (1) \| Respond to of 5650

I agree with your suspicions concerning the validity of the takeover offer. It appears that the offer was more of a ploy by a wanabee to either steal PSIX or disrupt the meeting and forthcoming deal. As much as the management has its faults, even they could see through this "offer". As I write this, the market has closed with PSIX up for the day following the wild price swings earlier in the trading session. The glass looks "half Full" V "half empty".