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

To: Curtis Gruber who wrote (4510)	5/4/1999 12:15:00 PM
From: amoezzi	Respond to of 5650

To All, I have sold cover calls (July 40s)on PSIX. Any idea if I should cover. Or even better how to improve my position. Please help. Regards, Abdol Ali Moezzi

To: Curtis Gruber who wrote (4510)	5/4/1999 2:18:00 PM
From: David N. Kunkel	Read Replies (1) \| Respond to of 5650

Dear Curtis, Good to hear from you. Here are some quick answers to your questions: 1. The net proceeds are available immediately, can be used for our general corporate purposes (see a post I just made to a similar question on the Yahoo! board). 2. I haven't seen the DLJ report, but I am informed that they reiterated their buy recommendation on us. I'll look for the report itself. 3. I don't know of any "required" notice for paying down debt, though we'd probably do some press releases if we used a material amount of the issue proceeds for that purpose. 4. Kate is very well. She reads these boards herself, but I'll be sure to pass on your good wishes. Best regards, Dave Kunkel