InfoSpace (INSP): Where GNET went! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

INSP 98.25

+3.4%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: acuransx_2000 who wrote (23443)	1/22/2001 6:47:46 PM
From: playavermont	Read Replies (1) of 28311

Not surprised at all with regard to the departure of Horowitz... To his credit he is one heck of an entrepeneur who knew how to play the wall street game... In '95, '96 he saw the once in a lifetime opportunity and worked hard to get it... Wall Street wanted anything internet...he gave them internet! Very smart guy... BUT, it was also clear that his cash out in March of '99 was exactly that!! Think about it! He got $90 Million CASH from the Paul Allen investment nearly 2 years ago!! While getting another $300 Million for the company coffers!! To put that in perspective, he put $90 Million CASH in his pocket 4 weeks before the quarter ended... and what was the COMPANY QUARTERLY REVENUES for GNET at that time... $2.6 Million!!! I call that brilliant!! As far as Sarin, don't get this at all!! He was the one who theoretically brought this INSP /GNET deal together! Remember the story about him seeing Russ Horowitz in the airport??? It looks like everybody ends this thing with what they really wanted... ( except for the fact that everybody lost big in their share prices )... Russ Horowitz exits a very rich man without having to be blamed at all for the stock decline he knew would come... Naveen has CONTROL and Russ Horowitz' $300 Million that was in the GNET coffers...and Sarin, I don't think this guy made out to well here... but who knows... Best to ALL!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next