InfoSpace (INSP): Where GNET went! Message Board

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

INSP 79.40

-1.7%

Jan 23 9:30 AM EST

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To: tahoe_bound who wrote (18281)	4/12/2000 7:59:00 PM
From: Pareto	Read Replies (1) of 28311

"Obviously, a low stock price is not good for anyone" Tahoe, it's not that bad. ".....to log its second-biggest one-day point loss ever and its lowest closing price since Jan. 6" Big deal. That's only three months ago. Gnet stock price is back at the level it was between August and October. That's only six months ago. Volume was 875 thousand, so only 2,8% wanted to get out of the stock today. Not my definition of a sell out. A low level for the nasdaq is relatively good for Gnet, because it has 300M of cash in its pockets. Its 'stock currency' is worth less, but cash has become much more important. Now they can do even better deals then two months ago. Take for example the case of EFAX once a high flyer close to the sun valued at a market cap of 400 million dollars. Today it is back to 33 million. It is bought by a competitor because it ran out of cash. I'm not saying gnet should buy these type of companies. It should be very careful in its selection and don't take any losers on board. Young companies with a great potential will be much more careful to ask high multiples. The announcement of Gnet today regarding the new go2net page includes a phrase indicating that they will license the format to other companies. That is good news. It's like the NDB deal for SI. It means gnet goes the way of leveraging its applications. But the model means more than only delivering software, the "third party go2net pages" will use services of the central system like metacrawler and authorizenet. levy, I see the "consumer stuff" role of Goldberg as another positive announcement. It means the company is now officially divided in three groups: Consumer services, Business services and Enabling services. The company is still in a early construction phase. They are moving the business to new offices and most of the recently hired staff is just becoming productive. I add a chart to put things in perspective. The news on the falling nasdaq says: "offsetting strength in such Dow stalwarts like Procter & Gamble and DuPont" siliconinvestor.com What do we learn from this chart: - paper is not a sexy business - think twice before you put your money in pampers or plastics - gnet stockprice has grown much to fast early last year, it is still growing into its projected valuation Have a good day tomorrow Regards, Pareto

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