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

To: Teknvstr who wrote (1965)	2/7/1998 5:24:00 PM
From: BruceBatie	Read Replies (1) \| Respond to of 5650

Recent Research on PSIX : PSINET INC The following brokerage firms have supplied Zacks with research information If the analyst's research abstract is available, you will be able to view it, as well as the analyst's ranking. Brokerage Firm Date of Last Recommendation LAIDLAW EQUITIE 01/28/98 MARKET PERFORM WHEAT FIRST BUTCHER SING 01/28/98 HOLD COWEN & COMPANY 01/23/98 NEUTRAL GRUNTAL & CO INC 01/23/98 BUY FREIDMAN BILLING SRAMSEY 01/15/98 ACCUMULATE GERARD KLAUER MATTISON 01/08/98 HOLD

To: Teknvstr who wrote (1965)	2/10/1998 3:24:00 PM
From: Randy Tidd	Read Replies (1) \| Respond to of 5650

> I think these numbers are easily achievable, as bandwidth increases > will not be nominal, but exponential in the next 2 years. Everybody > from Intel to Cisco to Microsoft are getting held up by the > bottleneck in bandwidth availability right now. For example Intel > can make chips that do 400 mghz in power supply. But it doesn't > matter how fast your processor is if the max you can get out of > the pipes is 128 kbps. This is a gross oversimplification of what is a complex business. Yes, in a very broad sense, bandwidth needs have increased and will probably increase over the next few years. But that does not mean that every company that sells bandwidth will make a lot of money! Just because Intel makes fast chips does not mean that people are suddenly going to start spending a lot of money on corporate-grade ISP service, which is what PSIX sells. Intel is focused on the end user whereas PSIX got out of that business a couple of years ago. > The other thing is that these guys (management) have been around > for a long time (by technology standards). I think they've learned > alot, and we will get the benefit of that from here forward The management of PSIX have been the only group of people to both not turn a profit and not find a company to buy them. Sure, maybe they have learned a lot, but I'm a shareholder of the company to see my investment increase in value, not to educate the management team. There is a lot of hype associated with internet stocks, but people should keep an eye out and realize that not many people are making money at the ISP business. There is a lot of money in it but it is also an extremely competitive environment without very large margins. Randy