InfoSpace (INSP): Where GNET went! Message Board

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

INSP 118.37

+2.5%

Dec 17 3:59 PM EST

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To: jon zachary who wrote (16035)	1/15/2000 7:54:00 PM
From: Sarkie	Read Replies (1) of 28311

Jon Simple deduction. The press announcement was made on 12/15/99. biz.yahoo.com excerpt; Go2Net will receive from Hasbro a $7.5 million fee for the license and access to Hasbro's most popular games for a licensed, co-branded Games.com offering on PlaySite. Separately, Hasbro and Go2Net will enter into a three-year development and service agreement to collaborate in the development and operation of Games.com. During 2000, Hasbro expects to spend approximately $60 million to develop and launch Games.com. I would highly doubt that on 12/15/99, the CFO, which happens to be our boy genius, Russ, would be including any part of this income in YE 12/31/99. I do not have any hard facts, just logic. Even if the money came in in 99 it would be set up as an asset and used as revenue for 2000, because frankly, that is what it is. ~Sarkie

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