InfoSpace (INSP): Where GNET went! Message Board

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

INSP 82.06

+0.3%

Jan 28 3:59 PM EST

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To: White Shoes who started this subject	12/21/2000 6:23:15 AM
From: Puck	of 28311

Infospace CEO Dismisses Concerns, Says 4Q On Target Dow Jones Newswires -- December 13, 2000 NEW YORK -- Infospace Inc. (INSP) reiterated its fourth-quarter earnings expectations for the sole purpose of reassuring investors, said Chief Executive Arun Sarin. Merrill Lynch & Co. on Monday downgraded its rating on Infospace shares, noting that Infospace doesn't get paid by the number of handsets carrying its applications, but instead by the number of customers who actually use the application. Sarin told CNBC Wednesday that this was "no news," and he emphasized that the terms had been well known. The chief executive said he isn't worried that major customer AT&T Wireless Group Corp. (AWE) might drop Infospace following the purchase of a stake in AT&T Wireless by Japan's NTT DoCoMo Inc. (J.NTX). "The Internet is about inclusiveness," Sarin said, adding that the space contains "huge opportunities." Sarin said that rumors about employees leaving the company are unfounded. He said he has no plans to leave the company and that it has a high retention rate.

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