InfoSpace (INSP): Where GNET went! Message Board

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

INSP 83.51

-1.6%

Nov 18 3:59 PM EST

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To: playavermont who wrote (16398)	1/23/2000 10:25:00 PM
From: levy	Read Replies (3) of 28311

Here is a little investment GNET made that I think we all forgot about and is also doing well...I think GNET picked up its investment back around July....I am not sure what they paid for it but I think it was no more than 4 or 5 bucks...recently this stock seems to be taking off and is now sitting at about 20...so GNET's 3 million investment should be worth at least 12 million right now and that doesn't count the warrants... from GNET 4th quarter earnings report "Announced a $3 million investment in click2learn.com (Nasdaq: CLKS), together with a marketing agreement with click2learn in which Go2Net will offer its users access to click2learn.com's hundreds of online learning courses on various topics, as well as tutorials customized for the Go2Net community. Under this agreement, Go2Net launched HyperMart University in August 1999. Go2Net also received a warrant to purchase additional click2learn shares" Also I am a bit confused on something....it seems that tax wise it makes sense for gnet to become a minority stock holder in profitable companies provided their stock price apppreciates so ultimately upon sale they would be paying capital gains tax and not ordinary income ...in what situation would this not be the case...only if they bought the company outright?.....when or in what situation does the earning of the purchased or partially purchased company become that of the buyer..only upon full ownership?.....if we own 20% stock we get none of their earnings?

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