InfoSpace (INSP): Where GNET went! Message Board

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

INSP 95.78

+0.7%

Dec 24 12:59 PM EST

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To: Alex W. who wrote (2148)	3/17/1999 3:04:00 PM
From: MARKZAW	of 28311

As I understand the Deal... PA and Vulcan have agreed to buy preferred stock as well as common stock from insider officers/directors (who probably have options so far in the money that $90 is just fine thank you very much). Additionally, he can tender to buy shares on the open market at $90, until mid-April, at which point he can walk away from the TENDER OFFER. He is still part of GNET, maybe with a smaller interest, but remember, in a public company, owning even "only" 40% gives you a heck of a lot of clout on the Board. This is my understanding from what I have read, and I may be wrong, but I think and hope that this company will go-go-go. The attached was clipped from CBS Market Watch: " Go2Net (GNET) fell 5 5/16 to 120 11/16. It jumped 12 5/8 to 126 Tuesday on news Microsoft co-founder Paul Allen agreed to acquire a controlling interest in the network of branded, technology- and community-driven Web sites. The move sets the stage for Allen to take on AtHome (ATHM) and America Online (AOL) by offering broadband content delivered through his growing cable TV network. Shares of AOL slipped marginally. AtHome lost 1 5/8 to 117 7/9. AtHome merger partner Excite (XCIT) edged up 3/4 to 107." Read my earlier post about "broadband content".

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