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

To: Paul Tran who wrote (1889)	1/23/1998 6:27:00 PM
From: Ken Turetzky	Respond to of 5650

PSINet/IXC Internet Svcs-2: Deal Involves Use Of OC-48 Dow Jones News Service via Dow Jones HERNDON, Va. (Dow Jones)--PSINet Inc. (PSIX) shareholders approved the company's rights-of-use deal with IXC Communications Inc.'s (IIXC) IXC Internet Services Inc. unit. As reported, under the agreement between the companies, IXC will provide indefeasible rights of use in up to 10,000 OC-48 equivalent route miles on its nationwide fiber optic network in exchange for about 20% of PSINet. PSINet and IXC also signed a long-term marketing agreement. IXC Internet Services, Austin, Texas, supplies digital transmission and long distance services. PSINet provides turnkey corporate Internet and intranet access, wholesale access services to the telecommunications and ISP industries, electronic commerce solutions and Web hosting services.