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

To: Mighty Mizzou who wrote (4470)	4/19/1999 9:51:00 AM
From: Curtis Gruber	Read Replies (1) \| Respond to of 5650

Nice gap at the open, after first 150k shares maybe momentum players dropping out after rally fizzles, we are currently down 1/2, so pretty volatile movement this a.m. I like the Bellsouth stake in QWST, only a matter of time till PSIX is approached as some of the behemoths want either a piece or the whole of the pie. I think the piece IXC has is only making IXC that much more attractive, so they very well may get the price they are asking due, at least in part, because of the rich position they hold in PSIX. regards, cg

To: Mighty Mizzou who wrote (4470)	4/21/1999 9:47:00 AM
From: David N. Kunkel	Read Replies (3) \| Respond to of 5650

Dear Mizzou, Sorry, just got to this post. Earnings will be reported (and will be videostreamed from our web center) next Tuesday at 11:00 am, EDT. As for market stuff, no, I don't think the offering is responsible. There are a lot of other things going on with "tech" stocks and "Internet" stocks. (Notice that I don't necessarily agree that we should be lumped in with a very broad range of other companies, many of whom have nothing to do with our business). Yes, the issuance of new shares dilutes the bottom line. At the same time, new money comes into the company, so one has to figure in whether or to what extent that is a good thing. Hope this helps. Regards, Dave Kunkel