InfoSpace (INSP): Where GNET went! Message Board

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

INSP 65.70

+0.2%

Feb 6 9:30 AM EST

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To: Susan G who wrote (11684)	8/31/1999 6:49:00 PM
From: Jeff Dryer	of 28311

To be consistent with my previous posts... the important number of shares to focus on is the fully diluted number of shares which is around 43 million shares... outstanding shares is only about 28 million. Assuming $278 million in cash, Go2Net has $6.47 cash per fully diluted share (fully diluted shares include convertible preferred shares and employee options). Cash represents about 10% of Go2Net's fully diluted market capitalization which is about $2.78 billion. The cash comparison to Yahoo is interesting in that Yahoo's cash stash represents about 1.5% of Yahoo's market capitalization of approximately $45 billion (including Broadcast.com acquisition which is already closed and should be included in cash and market cap numbers). Comparing enterprise value (minus cash), Go2Net is valued at about $2.5 billion versus about $44.4 billion for Yahoo.

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