what do you really think of Jain, his cronies and INSP? Has our GNET been taken advantage of?
Well, if I may step in here with my .02/worth, I would venture that in my perspective, INSP CERTAINLY has taken advantage of GNET, with our "blessing".
INSP has gained an incredible amount of new cash, accretive earnings which should now almost guarantee that INSP is profitable after the merger is consumated, as well as incredible access to a broadband market that potentially will more profitable than wireless over the short run.
Broadband is NOW... wireless is TOMORROW (except to a certain degree in Europe and Japan). Broadband is STICKY, wireless is fickle and used sparingly (until rates come down with more infrastructural outbuilding). People will use broadband as a substitute for watching commercials during their favorite programs, or to obtain more info from pages that incorporate their separate advertising space.
Jain KNOWS that broadband has more profit potential in the short run than his wireless clients, certainly for at least the next couple of years. And that is why Sarin didn't want GNET to slip through his fingers (though the merger indeed sounded "inevitable").
So while I'm upset with INSP's stock performance (hope those afterhours stock prints hold through tomorrow) and the feeling this deal could have been better timed, I'm NOT CONCERNED about INSP going the way of a AMZN or another second class ecommerce play.
Jain obtained ONE H*LL OF A DEAL buying GNET, and I just think we should have received more respect as long-term GNET shareholders.
I know some folks have the perception that I'm just a whiner, or have been possessed by Satan hisself.. But neither is the case and I starting to get over my frustrations and look to the future. A lot of that has to do with INSP's stock price recovering and the street showing the former enthusiasm they had for that company BEFORE Jain committed highway robbery taking over GNET.
As for a takeover, I would almost expect that MSFT would be entertaining the concept of having such an expansive market opportunity as INSP. However, that would almost guarantee that many clients would seek other sources for their wireless and broadband software.
No one wants to resurrect MSFT and pumping it up into an even more formidable "8000 TON" gorilla.
If Jain is able to accomplish 1/2 of what he promises, then somewhere down the line we'll receive a $100 billion market cap, 1/3 that of MSFT.
Regards,
Ron |
