InfoSpace (INSP): Where GNET went! Message Board

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

INSP 89.89

+8.0%

Nov 21 9:30 AM EST

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To: Carolyn who wrote (25686)	3/22/2001 9:56:14 PM
From: Roger Sherman	Read Replies (1) of 28311

From today's Wall Street Journal... March 22, 2001 FIFTY CORPORATE INSIDERS BAILED OUT BEFORE THE SLUMP AND MADE A MINT By Mark Maremont and John Hechinger Staff Reporters of The Wall Street Journal public.wsj.com (excerpts, bold added) Some big sellers say they have so much faith in their companies they've gone into the open market to buy at today's depressed levels. One is Naveen Jain, founder and chairman of Infospace Inc., a Bellevue, Wash., provider of online directories. It had a brief life as an Internet highflier but is now down 98% from its high a year ago. Last month, Mr. Jain paid $2 million to buy 500,000 shares. But when the stock was flying high last year, he sold $192 million worth, on top of $203 million worth in 1999. A spokeswoman for Mr. Jain, 41, says the selling was just "to diversify his portfolio, because so much of his wealth was tied up in the company."

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