Mr White shoes I like your line of reasoning.....now some other folks are following your lead
Scott P. Sutherland, CFA Tim S. Leehealey, CFA
Tucker Oakley,
THERE'S A LIGHT THE END OF THE TUNNEL...POSITIVE MEETING WITH INFOSPACE
* Through meetings with key management and wireless carriers
over the last week, we believe InfoSpace is on the road back.
* Over the near term, we believe wireless and
transaction-based revenue will drive results.
* InfoSpace's wireless carrier relationship now total 27, with
20, representing over 90 million wireless subscribers licensing its
consumer
platform.
* The Company continues to see traction in commerce services
through relationships with American Express, Verizon Information
Services,
and Toshiba.
* With the current economic environment, questions regarding
wireline services continue to linger.
* Overall, based on stability of core management and positive
carrier feedback, we believe InfoSpace has regained its focus. In
addition,
with $1.39 in cash and investments per share and trading at a discount
to
its growth rate for FY:02E InfoSpace is trading at an attractive
valuation.
Therefore, we are reiterating our STRONG BUY rating. |
