InfoSpace (INSP): Where GNET went! Message Board

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

INSP 117.19

+30.4%

Nov 24 3:59 PM EST

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To: rampingup who wrote (22657)	12/7/2000 8:48:39 PM
From: Hawkmoon	Read Replies (2) of 28311

I'm starting to WORRY about another leg down. You and me both... That's what I was commenting about with INSP being added to the NDX. If there is another leg down, I'm not sure how the smaller cap components of the index will be affected. As for MSFT, it seems it is being victimized by the downturn in the box makers and INTC. Fewer computers being purchased means fewer copies of Windows being sold. Fewer processors being supplied, which is why INTC announced a revenue shortfall this evening... MSFT looks like it could make a new low to $45/share. That would keep it in the downward channel the stock set up back in July, 1999 (lower channel) and April,2000 (upper channel). askresearch.com The problem with MSFT is the same with some of the other big cap Internutz like INSP. They provide hefty options to their employees in order to augment their cash salaries. MSFT issued an additional Billion in options with a $66/share strike price. Those options are now worthless, so in order to keep employees, MSFT will have to issue even more, or take a charge against earnings and reprice those options at a lower strike. Now the other option is they can use some of that cash hoard they have accumulated from previous options being excercized to buy back stock in conjunction with aggressive put selling at support levels. But hey... that means they will be spending more time managing their stock than marketing products. Hope that I'm wrong... And I hope INSP isn't losing employees due to their depressed stock price. Regards, Ron

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