InfoSpace (INSP): Where GNET went! Message Board

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

INSP 124.41

-2.3%

Nov 28 9:30 AM EST

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To: Bosco who wrote (23617)	1/24/2001 1:40:48 PM
From: David Howe	Read Replies (2) of 28311

Excuse me, but the acquisitions were supposed to increase shareholder value. Yes, it's not exactly apples to apples, but the dilution of acquiring GNET was supposed to be offset by the value of GNET. Was there value to the GNET acquisition? Yes, but the market sees that value as lower than it did the day of the acquisition. Almost every internet stock is valued differently than they were 8 months ago. The analysts were idiots to have a $150 or a $240 price target for INSP (with or without the acquisitions). Now they are probably idiots to downgrade at $7. What's new. Dave

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