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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 (18596)4/20/2000 1:31:00 PM
From: Pareto  Read Replies (1) of 28311
 
"GNET stock is a hostage to the market, and a victim of negligence"

Do you really think so? It is just a small company of 400 staff with 7M of revenue per month and a market cap of 1,5 Billion. That means that people value this company based on a high multiple of its future earnings. Projecting the future is a risky business and it is natural that the multiples go down in a nervous market.

The only thing I don't like is that they still present pro-forma figures as the main figures, while the figures appearing on all financial sites relate to figures including amortization. So first thing you see if you check out this company is that they lose a lot of money. EPS on the SI quote page is -5.20
siliconinvestor.com

I'm down myself 40% on gnet, on paper. I feel bad too. But I bought the stock based on its potential. I still see that management is doing a good job, so my confidence is OK.

Until May 16 trading will remain nervous.

Regards,
Pareto
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