There have been several excellent posts re the Annual Meeting....just wanted to add the notes I made....All in all, it was an extremely positive meeting! Russell Horowitz, John Keister, the other Officers of the Company, and the Staff that we met were quite knowledgeable, personable, and impressive. It is truly exciting to be part of a company that is, and IMO will continue to be in our landscape and horizon for many, many successful years into the future.
KLP
Notes from GNET Annual Meeting March 17, 2000
12.6 million unique users on network.
Hypermart - 800,000 member business to date
3/29 end to end intergration solution announcement
Hypermart provides free Web hosting, store front solution, shopping cart, transaction processing, merchant services, business directory, coop ad programs
Enabling Services - strongest growth area
GNET has a 19.9% equity interest in BroadBand Partners. GNET, CHTR, and Vulcan Ventures are equity partners. Other non-equity partners are HSAC and RCNC.
Hasbro Games kickoff summer 2000 - three platforms, mass market
Strategic alliance between GNET and Hasbro will provide GNET's mission critical technology and scalable platforms to create Games. Com, and bringing game brands such as Monopoly and Scrabble online.
Re Advertising/Marketing:
Will spend 2-3 times more cash on adv this year.
Profit is more important.
Plan to continue growing the business organically without spending millions of dollars on advertising.
Will focus on highest growth business.
There will be more news on international marketing
Will be adding deals like NDB.
Re: SI
Question: Pay or Free to post?
Will continue pay program. Better sense of accountability. Quality is key.
Currently beta testing on wireless platforms to deliver content to whatever device customers are using.
News will be "sooner rather than later". No announcement date yet, but: "near short term"
Credibility is uncompromised integrity.
Reinforced that Charter (CHTR) was NOT about cable, BUT rather Broadband.
Re: Possible split: "May be in the future"...depends on liquidity and increased trading issues
From: March 2000 Info to Shareholders
Employees 412
Hdq: Seattle, WA
Sales Offices: Seattle, New York, Chicago, San Francisco, Los Angeles, Boston, Dallas
Atlanta, Austin, Detroit
Business Categories:
Consumer Services
Business Services
Enabling Services
GNET provides enabling services through licensing content, services and proprietary technologies to third parties. |
