InfoSpace (INSP): Where GNET went! Message Board

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

INSP 92.23

-4.3%

3:59 PM EST

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To: KLP who wrote (20368)	7/27/2000 2:30:03 PM
From: Hawkmoon	Read Replies (1) of 28311

Executives of both InfoSpace and Go2Net urged analysts and the investment community to consider the synergies of the combined companies An ounce of prevention saves a pound of cure. Now both companies are on the defensive in trying to justify this acquisition. INSP shareholders may rebel given the damage that they claim has been done to their stock, down from $138 or so, to $35/share. And GNET shareholders are likely to rebel because we're selling for less that what was a previous high for the stock. We all know that that INSP is getting a steal with GNET, but it is hard to convince others when they see themselves knocked back down to previous lows and threatening to go lower (which would be REALLY UGLY and cause a likely cancellation of this merger). I mean... where was Bill Fleckenstein in this negotiation? He's an arbitrageur/short seller and on GNET's BOD... He could have explained all these technical things to Russell and the INSP staff.. Regards, Ron

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