InfoSpace (INSP): Where GNET went! Message Board

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

INSP 83.20

-0.3%

3:59 PM EST

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To: Puck who wrote (22117)	11/1/2000 1:31:10 AM
From: Sr K	Read Replies (2) of 28311

We'll see. The unconverted preferred is a claim prior to common shareholders. If INSP really had free cash flow or even projected free cash flow, the story would be different. The brokers who were pushing INSP to me at 42 ... 45 ... 48 disappeared into the woodwork. Anyone who bought the story more than a few weeks ago has gotten hurt, and for the stock to move significantly past 25 or so will take new buyers. Where will they come from? There are now good story stocks with real cash flow and strengthening market positions, many of which were up 6% or more today. I see INSP's buy of GNET as a way to bring improved reality to the INSP picture, but the beneficiaries are not the former GNET holders. Or the recent INSP buyers. What it did was bring a higher likelihood of INSP surviving until cash flow turns positive. Who does that benefit most? Who was motivated by conservative concerns? BTW, how much cash did GNET generate from operations in its last full quarter? 12 months?

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