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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 127.35-2.3%Nov 26 3:59 PM EST

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To: Robert Rose who wrote (21657)10/12/2000 1:06:42 PM
From: playavermont  Read Replies (2) of 28311
 
Regarding: <<However, the market is correcting toward historic valuations>>...

The way I see it the following applies to GNET if they were not merging with INSP...

This Fiscal Year Ending September 2000 they would report total per share earnings of $ .78/share +/-... at todays price they are thus trading at a TRAILING p/e of 44.

They would probably have grown there earnings next year at approximately 65-75% to $1.30/share...that gives them a PROJECTED p/e of 26. EVEN By HISTORICAL STANDARDS this company would be undervalued at todays prices.... Now, throw in the fact that INSP "should" provide some serious synergies along with the (long overdue)broadband and games.com and wireless etc., etc., etc., .... you get the picture....

BUT, the market is being quite brutal to state the obvious here...
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