InfoSpace (INSP): Where GNET went! Message Board

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

INSP 92.27

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Jan 2 9:30 AM EST

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To: robert duke who wrote (7577)	6/18/1999 3:33:00 AM
From: Larry Zenith	Read Replies (1) of 28311

<li>So what do you think would be a good next company to acquire?</li> I dunno. There's no doubt that Russell is working his butt out on that. <li>Something that generates revenue.</li> Definately, sitting on fresh $300M cash, GNET got to find some companies to acquire, the companies that could generate net traffic and/or revenue. These companies got to be cheap; if they are cheap, they got to be relatively unknown. I think everybody knows that GNET wants to spend the money to acquire something. Russell must have a list of companies which have been asking to be acquired, so he just needs to evaluate each one and picks the ones that fit. Another way to spend the cash is to build something in-house, just as AMZN builds its toys branch instead of buying existing one, AMZN figured it is cheaper better way. In this case, if GNET is really interested in having net banking service, and can not find appropriate target to acquire, GNET can create it in-house. Either will do GNET good.

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