InfoSpace (INSP): Where GNET went! Message Board

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

INSP 126.36

+1.5%

Dec 1 3:59 PM EST

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To: KLP who wrote (25477)	3/5/2001 10:40:03 PM
From: Rational	Read Replies (1) of 28311

As a shareholder of INSP, I would like to share my views here. My DD shows that the ex-GNET management was selling tons of GNET shares long before the merger. INSP, like many good companies, has a policy that insider sales will have to be approved by the company. It is possible that Horowitz had to sell for tax reasons, but INSP could not keep a top insider with no stake and fired him. I have also noticed that Hurowitz and the rest of ex-GNET management team lacked the bandwidth to communicate with the visionary Naveen Jain. Horowitz's qualification is BA (Economics) if I am not mistaken. The only skill he seems to be very good at was how to sell his cheaply acquired GNET scrips while maintaining a hype about the company. He was adept in screwing up GNET stockholders including Paul Allen and, when he tried to do the same thing at INSP, he was booted out. I believe that INSP and GNET are a good technological fit, but the GNET management was useless in this equation. This was discovered by the smarter INSP management between October and December. The other point made here is that past performance usually predicts the future; I hope it does as INSP has doubled its revenue year-over-year. I would like to add, though, that research shows that past stock price performance is not a good predictor of the future stock prices. The company has nearly $2 per share in cash and other investments. It owns 20% of Paul Allen's dream venture Digeo. Paul Allen has been selling tons of MSFT shares, but he has never sold either GNET or INSP shares. I hope he buys some shares in the open market. He has bought CHTR in the open market. I also see many good posts on Yahoo! unlike the whiners here.

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