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

To: bob zagorin who wrote (1925)	1/26/1998 3:52:00 PM
From: wtett	Respond to of 5650

Bob, Isn't it ironic that a year ago the conventional wisdom was that consumer isp's couldn't make it and today both Earthlink and Mindspring are sell at 4 times their last reported quarter's annualized revenues. If PSI were trading at that price we'd be at about $14 per share, using est. $35 million for 4th quarter and 40 million shares. Even using 50 million shares we'd be at $11 plus. Imagine the potential if PSI does $240 million this year and sells at 4 times those revenues. That's $19 plus per share, assuming 50 million shares. Hmmmmm. Looks kinda cheap. I'm telling you Chris ain't stupid.I really do wonder if Bill can keep the company independent long enough for it to reflect any real potential, or if in fact we will get taken out on the cheap.