InfoSpace (INSP): Where GNET went! Message Board

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

INSP 130.68

-4.9%

Dec 12 9:30 AM EST

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To: WallStreetTips who wrote (10678)	8/3/1999 6:10:00 PM
From: slantedrb	Read Replies (1) of 28311

#28 I'm still long on GNET. I originally bought GNET on 2-1-99 for 2 main reasons 1) the philosophy of acquiring profitable companies that require little money to maintain. 2) They were experiencing the fastest growth among the top 25 web sites. Since then there has been more great news. The Paul Allen investment gave the company the cash needed to be what I think will be one of the few internet companies that will survive for the next 10, 20+ years. Now they broke in to the top 10 on the last media matrix ratings. The greatest asset of this company has to be the first rate management. The only bad thing I've heard is that the head of Lycos suggested that they might be the portal for Paul Allen's wired world. I really don't know if that could happen or not but I don't know why Paul Allen would invest in GNET and not use it in a substantial way. Looking to dump a few bad stocks and buy more GNET at these levels. We might still get dragged lower with the other internets but I still believe in GNET long term. slanted-rb

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