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

To: bob zagorin who wrote (1993)	2/10/1998 11:06:00 AM
From: Sandie	Respond to of 5650

>>Who is Gridnet<< Gridnet supplies ISP facilities to a number of the RBOCs for their branded ISP service.

To: bob zagorin who wrote (1993)	2/10/1998 8:54:00 PM
From: wtett	Read Replies (2) \| Respond to of 5650

Bob, I use Mindspring as my isp and one of their technicians told me they were moving away from PSI also. It is a fact they have been doing this for some time. HOWEVER, fyi on today's close ELNK was selling at about 5 times annualized revenues and MSPG was selling at about 5.5 times annualized revenues. PSI (using 50 million shares) at about 3 times annualized revenues. At 5 times annualized revenues we would be at 700 million market value and about $14 per share. Forgetting the fact that iStar adds another $20 million or so. Either we're missing something or the market is missing something........time will tell:-)