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Microcap & Penny Stocks : INSP Investors Research

INSP 124.41

-2.3%

Nov 28 9:30 AM EST

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To: howsmydrivingal who started this subject	11/28/2001 10:22:36 AM
From: howsmydrivingal	Read Replies (1) of 787

From the Wedbush Morgan Report Q3 messages.yahoo.com From Wedbush Morgan Q3 Report: by: ridelongride 11/28/01 09:39 am Msg: 325493 of 325507 Outlook: Infospace continues to suffer from the lengthy process of exiting non-recurring revenue business and from the repeated mistake of allowing investors and analysts to significantly overestimate the growth potential of the company's core business. Although the merchant and transaction business unit has continued to perform well, at this point, questions remain as to whether or not the company is truly in a position to show sustainable growth in all of its business segments. With a forecasted decline of non-recurring revenue from $7 million to $2-$3 million in Q4:01, we believe we will have better visibility for Infospace in 2002. Until then, we view this as a "show me" stock that has lost the trust and focus of investors. However, with $387 million in cash and investments in the bank and a business model that has repeatedly shown the ability to scale to profitability at multiple revenue levels, we believe there is limited downside remaining at current levels. Therefore, we continue to expect the company to trade in a range and are reiterating our Hold rating.

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