PSINet Gains 14.3% on Purchase Story - TheStreet

PSINet

(PSIX)

was up 14.3% in preopen

Island

trading after

The Wall Street Journal

reported that

Sprint

(FON)

is interested in beefing up its Web-hosting business and may buy an Internet service provider. In addition to PSINet, the

Journal

named as possible takeover candidates

Digital Island

(ISLD)

and

Data Return

(DRTN)

. Digital Island was up 7%. Data Return did not trade in the preopen.