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


To: Curtis Gruber who wrote (1927)1/25/1998 11:19:00 PM
From: Curtis Gruber  Read Replies (1) | Respond to of 5650
 
I guess there is a down side to
16 posts in 3 days....as much as I'm sure everyone appreciates Mr. Mccleary's posts here, IMHO it indicates that we will not see another bid from Usi. Sure hope I'm wrong here, but if Usi offers 400 million and needs time for DD, to secure financing for 400 million, etc., I don't see Mr. Mccleary posting all weekend while planning to up his bid by perhaps as much as 50% come next week, as some articles have suggested. Just doesn't seem like that fits. I guess I would be a bit worried about what I say here too, especially if I am on the brink of bidding 1/2 billion dollars for an international internet company.
For some reason it just doesn't fit together for me.

I really hope I am wrong, but I am about 85% sure that this is the last we hear from Usi as far as a bid is concerned. I still think PSIX is not necessarily "in play" but it seems to be having more upside potential for the next couple of weeks. I would give it till maybe one week after earnings and if PSIX has not stabalized above $8, then we may be looking at one long summer(see clinton

regards,
cg(hoping I'm wrong)