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Microcap & Penny Stocks : INSP Investors Research

INSP 81.17

-2.0%

12:32 PM EST

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To: howsmydrivingal who started this subject	7/31/2002 9:03:26 PM
From: Puck	of 787

Jain will remain at Infospace as Chief Strategy Officer--or some such thing, according to a Dow Jones news article story. This seems like a very pragmatic thing to do. Jain's vision drives the company--in fact it is the company. Every company needs its visionary and Jain fits the role well. In fact I think that Infospace would probably collapse without him. Having a new Chairman and CEO ought to be very beneficial because it will help put Jain's credibility problems with the investment community and clients firmly in the past. The company will be starting over in a sense. If the right person is brought in, Infospace should have more competent management. Certainly having anyone other than Jain leading Infospace conference calls will be an immediate plus. I've always thought that Jain's considerable talents were best utilized in business development and strategy but not as the company's public persona/spokesperson. To anyone currently of the belief that Jain will leave Infospace anytime in the near to medium future, I wish to point out that Jains currently owns around 40 million INSP shares. Does he seem like the kind of person who would trust such a considerable investment, most of his net worth, to someone else to manage? He won't walk away. He'll be around to excercise influence over the company. From the Dow Jones new article I previously mentioned: Jain said he won't be leaving the company, but is hoping to bring in "talent" into his company by stepping aside should the search firm locate a new chairman and chief executive. He said he would move into another role such as chief strategic officer. Jain founded the company in 1996.

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