InfoSpace (INSP): Where GNET went! Message Board

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

INSP 82.06

+0.3%

Jan 28 3:59 PM EST

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To: stock leader who wrote (26598)	9/5/2001 3:03:26 PM
From: (Bob) Zumbrunnen	Read Replies (2) of 28311

the LT and ST investments are likely investment grade securities. You've said that twice in as many consecutive posts. On what basis are you making the assumption that $160M of their "investments" are in t-bills or investment grade securities? On the other hand, they could just as easily be stock in other internet companies that's really worth only 1% of the cost or the value shown in the filings. I'm not saying it's the case. I'm saying that I'm curious why you're assuming the $160M is really something that could be turned into $160M cash when it could just as easily have a FMV closer to $1M. You were talking earlier about how the market cap is worth less than the cash the company has, but it's been shown not to be the case. So you change the definition of "cash" to include an optimistic assumption that has no verifiable basis in reality?

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