InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 66.33

+1.0%

Feb 9 3:59 PM EST

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To: Hawkmoon who wrote (19169)	5/14/2000 7:24:00 PM
From: HO-MEE	Read Replies (2) of 28311

Ron my main man, I agree with your thoughts regarding the share price of GNET........However,.........Gnet has $280 million in cash and ALL the internet stocks have been hammered over the past several weeks. Cash is king and I also believe that any company that Russ might have talked to in the past will now realize that their company is NO LONGER worth the valuations they had placed on themselves. I STRONGLY believe that many of the planned Internet IPO'S will be cancelled, not just postponed......the pie in the sky valuations of the group have been destroyed, "concept" companies will be looking to a GNET for their community and their financial strength. I believe that the selling of the past several weeks was virtually all institutional momentum types and I feel that these levels for GNET are incredible for new $. I have been the biggest supporter of GNET on this thread and I will be shocked if they don't start a fresh VERY aggressive acquisition campaign. When the institutions jump back into the internet water, I will be amazed if we do not see strong sponsorship for GNET(profits DO matter)

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