InfoSpace (INSP): Where GNET went! Message Board

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

INSP 93.18

+0.9%

3:59 PM EST

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To: Dr. Zax who wrote (11033)	8/10/1999 4:38:00 PM
From: Susan G	Read Replies (1) of 28311

I'm sure a few shorts got squeezed a little when it started moving up before all the other nets. The nervous ones at least! You have to remember gnet just split, that move would have been a $17 move pre-split. Here's a news release with the strong buy upgrade from Rueters. How timely, released at 4:05 pm. News Alert from Reuters via Quote.com Topic: (NASDAQ:GNET) , Quote.com News Item #11005042 Headline: RESEARCH ALERT - Go2Net (NASDAQ:GNET) started with buy ====================================================================== SEATTLE, Aug 10 (Reuters) - U.S. Bancorp Piper Jaffray initiated coverage of Go2Net Inc. with a strong buy rating, analyst Safa Rashtchy said in a report. -- Company is trading at 40 times estimated calendar 2000 revenues of $53.3 million, at the high end of range for comparable companies. -- Recent investment by Paul Allen and growing user base have prepared company for "major lift-off." -- Go2Net was up 7-3/16 at 59-1/2. Copyright 1999, Reuters News Service

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