InfoSpace (INSP): Where GNET went! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

INSP 130.68

-4.9%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HO-MEE who wrote (23553)	1/24/2001 1:49:25 AM
From: Doug Fowler	Read Replies (2) of 28311

I thought that InfoSpace indicated in December that they expected to make their numbers. In fact, they did on December 13: "The company said it was confident it would meet previously stated financial projections for its fourth quarter. InfoSpace, which sells content and merchant services for Web sites and telecommunications carriers, said on Oct. 25 it expected to achieve quarterly revenue of $66 million and pro forma net income of $4.9 million." Jain would at least have reminded analysts of that if the numbers were in fact made. So, one can draw no other conclusion than the numbers were not made - in fact, there may have been quite a miss, and if so, INSP should have preannounced (and Wall street will kill them if there is a big miss and they did not preannounce, and instead preannounced 18 days before quarter end that they were confident they would make the numbers.) As I've stated earlier, I already assume this stock is going to zero, but while $6 a share is better than zero, I'll stick around at least until earnings. Who knows, maybe they did make the numbers.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next