InfoSpace (INSP): Where GNET went! Message Board

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

INSP 84.85

-1.8%

3:59 PM EST

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To: Susan G who wrote (7247)	6/11/1999 9:17:00 AM
From: The O	Read Replies (2) of 28311

Is this old news??? Having island as a part of our group would be awesome! cbs.marketwatch.com or yesterday: "Thursday June 10, 3:36 pm Eastern Time Island ECN receives $25 mln Paul Allen investment NEW YORK, June 10 (Reuters) - Island ECN, the nation's second-largest electronic trading network, said on Thursday that it received a $25 million investment from Microsoft Corp.(Nasdaq:MSFT - news) co-founder Paul Allen. The investment, which gives Allen a 12 percent stake in Island, comes less than three weeks after Allen and other investors put up $300 million for Island's parent company, Internet brokerage Datek Online Holdings Inc. It also marks the latest in a series of high-powered investments in electronic communications networks (ECNs), trading systems that compete with U.S. exchanges by matching stock orders. ''This validates the importance of the electronic networks,'' said Matt Andresen, Island's president. ''In the end, it's all an endorsement of this business model.''" O

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