I am definately voting yes for this transaction as well. I loved Infospace and Go2net before this happened. Now, as one, the possibilities are endless. It isn't the dollar figure attached to it.
Remember Mark Haines couldn't understand why Go2net sold to Paul Allen at such a discount ? Well, they would not be where they are today if they did not get the cash from his investment or the multiple investments, partnerships, agreements they have made together. This situation is similar, together these two companies are focused on the next generation of internet access, wireless, broadband, etc...
The services they both offer cover every type of access out there. Before both companies were limited to Wireless or Broadband/narrowband to a certain extent. Also, INSP has international penetration which Go2net has not even touched. They both have similar balance sheets and plenty of cash on hand. Infospace is about to turn profitable.
I don't care what premium they paid for Go2net. I am very happy to be an owner of this company that will potentially do to Wrieless devices and broadband what Microsoft did to computers in the 1970's. It wasn't the pc that was a clincher for consumers until the "killer ap's" or the software came out. It isn't that Qualcomm, Nokia, Ericcson do something much different in making there devices, it is the content that will be provided through there wireless devices. Infospace is leading the way on that front and it has not even hit yet. If you really stop and think about what this company could do together in the next three to five years, it is truly staggering.
I am very happy about this and will not sell one share of Go2net...
jZ...long and strong baby !!! |
