InfoSpace (INSP): Where GNET went! Message Board

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

INSP 96.86

-1.4%

3:59 PM EST

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To: trouthead who wrote (11355)	8/19/1999 10:32:00 PM
From: Jeff Dryer	Read Replies (3) of 28311

I thought P/E ratios didn't matter anymore? <g> When looking at financials for Internet companies, always question everything. Yahoo and Silicon Investor both use MarketGuide for financial data and ratios. MarketGuide shows about an 800 P/E for Yahoo and an N/A for Go2Net. MarketGuide also says Go2Net has 69 employees, which isn't true anymore. As of 8/1/99, Go2Net has 190 employees. MarketGuide reports primary shares outstanding instead of fully diluted shares (which factors in options). For Internet companies, fully diluted shares are often 10-50% higher than primary outstanding shares. By my calculations, Yahoo's P/E is around 385 on trailing 4 quarters of pro forma earnings. By comparison, Go2Net's P/E is around 600 on trailing 4 quarters of pro forma earnings. Notes Pro forma = Results minus one time gains and charges. P/E ratios calculated using fully diluted number of shares not primary outstanding shares.

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