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

INSP 85.31

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To: Sarkie who wrote (13438)	10/29/1999 4:14:00 AM
From: The O	Read Replies (1) of 28311

INTERVIEW - Go2Net sees margins rising October 28, 1999 05:56 PM SEATTLE, Oct 28 (Reuters) - Go2Net Inc. Chief Executive Russell Horowitz said Thursday he expected the company's operating profit margin to rise to 20 percent of sales in fiscal 2000 and to 30 percent in the longer term. Go2Net had operating profits of about 17 percent of sales in the fiscal fourth quarter that ended Sept. 30, compared with 11 percent in the third quarter, Horowitz said in an interview. "In the short term, we may see the expansion of operating margins moderate some, ... but we do anticipate the trend will remain favorable," he said. Horowitz said the company's model of providing technology-driven content and services over the Internet allows it to get tremendous leverage from rising revenues. "To see expanding margins on larger and larger revenue numbers can lead to pretty substantial cash flow," he said. "That's what we love about our business." ((-- Seattle bureau, 206-386-4848; marty.wolk@reuters.com)) #20 O

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