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Microcap & Penny Stocks : INSP Investors Research

INSP 117.19

+30.4%

Nov 24 3:59 PM EST

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To: howsmydrivingal who started this subject	3/28/2002 11:38:57 AM
From: howsmydrivingal	Read Replies (1) of 787

INSP to take a 100 million to 200 million accounting charge in Q1 datekdj.newsalert.com ************* DJ InfoSpace Sees $100M-$200M 1Q Charge On Accounting Change 03/28/2002 Dow Jones News Services (Copyright © 2002 Dow Jones & Company, Inc.) WASHINGTON (Dow Jones)--InfoSpace Inc. (INSP) expects to take a non-cash charge of between $100 million and $200 million in the first quarter to adopt Financial Accounting Standard 142, according to the company's Form 10-K filed Wednesday with the Securities and Exchange Commission. FAS 142 primarily addresses accounting and reporting for acquired goodwill and other intangible assets. The company previously disclosed that it expected significant impairment charges to adopt the new accounting standard. InfoSpace said it retained an independent valuation firm to conduct analysis about adopting FAS 142. The company expects the results of its analysis by the end of April. InfoSpace, based in Bellevue, Wash., provides infrastructure services to wireless devices, merchants and online sites. -By Carrie DeLeon, Dow Jones Newswires; 202-628-7663 (END) DOW JONES NEWS 03-28-02 11:23 AM

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