InfoSpace (INSP): Where GNET went! Message Board

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

INSP 86.37

-0.5%

Nov 14 9:30 AM EST

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To: truth who wrote (11760)	9/3/1999 9:13:00 PM
From: yzfool	Read Replies (1) of 28311

<"Go2Net will fund the purchase with $40 million in stock and $15 million in cash. The company still has a war chest of nearly $300 million and will continue to hunt for new businesses to acquire, Horowitz said. "The idea is to find places where we can get returns higher than the 5 percent you can get from the bank," Horowitz said. "We'll continue to look for those places that can create value, but we're not going to force it." > Retrieved from Dogpile announcement. We know GNET has cash, and I have seen no evidence of insider sale (sec filing), please correct me if I missed it. Did Dogpile sell? I would think that Dogpile, as a new insider, would have to file. Also, I would think RH would attach some lock up to shares used in acquisitions, in order to fulfill his idea stated in the last paragraph above. In other words, RH would not allow the trashing of GNET's market cap through share dumping, in order to achieve higher than bank returns on his investments. (GNET is the investment!)I think shares sold today can be attributed to profit taking, for what ever the reason.

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