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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 92.15-0.6%2:51 PM EST
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To: sally duros who wrote (1975)3/15/1999 6:05:00 PM
From: Hawkmoon  Read Replies (1) of 28311
 
Could somebody take this novice through the logic and analysis of how this offer will not hurt GNET and be a good thing? I am green at this... :-)

Sally,

It's called having a "patron". Paul Allen and his Vulcan Ventures VC company have their fingers an incredible number of telecommunications and internet companies.

Such a large stake in an relatively up & coming internet portal is a huge vote of confidence as well as opening the doors to opportunities few of us can only imagine.

Basically, it means that GNET has "arrived" and is now a contender in the portal business.

Silicon Investor will likely reap huge rewards from new memberships of people who had never heard of GNET before and come over to check out what Paul Allen has his fingers into now.

It will mean more analysts coverage (initiating coverage of a company is usually good for $10-15/share more in price per analyst.)

I just can't believe how fortunate we all are to finally have some REAL big money behind this company.

As I stated before, the $90/share tender offer essentially places a firm floor of support under this stock as folks realize that PA will be there to soak up the float of street name stock (3.6 million shares is a heck of a limit order. A thinner float means that it take relatively fewer dollars to move the stock. So even in the event of a market correction, it suggest that PA will attempt to support the stock at $90.

I agree with Horowitz.. It is the best of all worlds.

Regards,

Ron
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