InfoSpace (INSP): Where GNET went! Message Board

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

INSP 80.77

-16.1%

Jan 22 3:59 PM EST

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To: Hawkmoon who wrote (18586)	4/19/2000 9:58:00 PM
From: freedog	Read Replies (2) of 28311

I feel there were many lessons to be learned from the latest sell off. I remain long on GNET and feel that 3-5 years out this will be a great story, but there are many issues which need resolved before the stock can be viewed as a consistent tier one internet company. 1) There is nothing fundamentally different about this company today than there was 5 weeks ago other than the obvious decline in p/e ratio and the damage to the long-term TA charts once we dipped under 73. I find it interesting many posters on the board have adopted a theory that GNET stopped acquisitions because of the previously inflated p/e ratio of the other internutz. If GNET had made good on its promises in terms of delivery of services (hypermart being a good example) it would have improved, although not guaranteed our chances of an improved stock price. An improved stock price would make us more able to purchase others. Anything else is revisionist history. 2)The comments from Mr. Keister about the internet race being a marathon not a sprint are interesting. While it is now clear to all as to the value of cash, Mr. Keisters view seems to diminish the value of first mover advantage. While I expect a high quality product from GNET, I also expect it to be delivered at a rapid pace relative to the competition. I am certain many in GNET are working very hard to ensure this is the case, however results do matter and to suggest speed does not count does not sit well with this shareholder. I have seen comparisons here to GNET becoming the GE of the internet. What is interesting about the comparison is that GE has said delivery does matter in the case of the internet as the opportunity is too large to be second mover. If you need any other proof about the value of first mover check out the success of Yahoo for the past five years. 3)Without question the company continues to perform well in areas other than stock price and is developing a working business model. The stock on the other hand has been inefficent at best for the past year. The company has done a mediocre at best job of promoting itself and its products over the past twelve months. Comments about investment bankers not knowing about GNET after their last five quarters of performance show that many still don't understand what GNET is about. From a business model standpoint I see comparisons often times to AOL/Yahoo. While some of the content is similar there are many aspect to GNET which have nothing to do with AOL/Yahoo and thus make this company significantly different. The company needs to publicize in a compare and contrast way to others who are proving successful while defining their own niche in the public relations arena. 4)The impact of coverage-I see many posts here complaining about lack of coverage. Look at the performance of the other internet stocks the past few weeks. This was an indiscriminate selloff. There are many who went down, now is the time to make the case to the more discriminating. For those who keep harping for more coverage, this company has shown they are not going to spend money to do this. Right or wrong, it is not part of the model at this time. This is a talented bunch who will play by the rules if/when they see fit. I just hope their talent and ability to deliver exceeds what some may perceive as arrogant. For those who think arrogance is an attribute check out the recent performance of MSFT. Best to all longs and the GNET management team.

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