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

To: wtett who wrote (2272)	3/27/1998 8:40:00 PM
From: Charlie Yang	Read Replies (1) \| Respond to of 5650

My comment to Moody's B3 (or BBB) PSIX bond rating: For those who may not know how to judge the investment quality of corporate bonds, the following is a simplified summary: There are 9 levels of ratings (from high quality to low quality): AAA - Highest quality AA - Superior quality A - Medium grade (good quality) BBB - Medium grade (good quality with some risk) BB - Lower medium grade B - Medium speculative CCC - Highly speculative CC - Securities with interest/principal problems C - Securities with serious problems AAA, AA, A ratings are only given to those established companies with long history and in good business standing. For a growing company which has never made profit, BBB is the highest rating the company can get. Therefore, I view Moody's rating on PSIX's new bond is a very positive one. Any comments? Charlie