InfoSpace (INSP): Where GNET went! Message Board

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

INSP 98.25

+3.4%

Jan 9 9:30 AM EST

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To: MJ who wrote (23108)	1/6/2001 1:54:22 AM
From: jmanvegas	Read Replies (1) of 28311

MJ: I don't know who Bulldog.com is but they're not Goldman or MSDW. As far as a $55 price target, I think it's totally ridiculous. That would put INSP's market cap at around $16B. I don't think so in this current market environment or even over the next several years. INSP would be lucky to see $15 in the next 6-12 months. The $15/share price would give INSP a market cap of around $4.7B which would be stretching it based on projected gross revenues of about $360M for fiscal year 2001. My attitude towards INSP is that I hope it gets to $12 from current levels. That's about a 50% return. I'll be glad to take that. I'm long but cautious on INSP. If it wasn't for their wireless focus and there will be serious competition for INSP in that arena, and for their current management team, INSP would be history. JMHO. Good luck. jmanvegas

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