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: JAMES P. McVEIGH who wrote (1900)	1/24/1998 12:33:00 AM
From: Rubber Man	Read Replies (1) \| Respond to of 5650

It seems now that even though the vote went through, USi may still be interested.. crn.com

To: JAMES P. McVEIGH who wrote (1900)	1/24/1998 4:33:00 AM
From: Christopher McCleary	Respond to of 5650

James: I left DIGEX at the end of the year 1997, and with investor urging formed USi. It was not until a week off on vacation after christmas reviewing valuations and transactions did we realize the undervalued asset called psix. We further reviewed the details of the IXC transaction and the table in the proxy that indicates the change of control possibility if shrader is unable to get the price up at the end of the IXC contract. We found this absolutely incrediable and quickly mounted a campaign, but the company, psix, did not even contact us to review our proposal or find out if there was any flexiblity in our valuation. When the stock settles back in the 5-6 range for the year (and it will), maybe our idea will be looded at favorably, in retrospect.