cls

$ServerList = "C:\Temp\OLD.txt"
$OutputPath = "C:\temp\OLDPing.txt"
$Servers=Get-Content $ServerList

foreach($Server in $Servers)
{
if(Test-Connection $Server -Count 3 -Quiet)
{
$status='True'
Write-Host $server is Online -ForegroundColor Green
}
else{$status='False'
Write-Host $server is Offline -ForegroundColor Red
}
}