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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 83.83+1.2%3:59 PM EST
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To: Glenn Petersen who wrote (28263)6/29/2008 11:23:38 AM
From: MJ   of 28311
 
Prom Part I

10 years ago: This is what happened immediately after INFO went public in 1998.

"InfoSpace made its Wall Street debut Dec. 15, 1998. Employees watched as the stock, priced at $15, closed at $20. InfoSpace, half owned by Jain and his wife, was suddenly worth at least $400 million. InfoSpace's first employees were each worth about $2 million.

Of the $78 million InfoSpace raised that day after expenses, $10.5 million would eventually go to paying off Plunkett's claim.

Meanwhile, InfoSpace stock started its dizzying climb, doubling in the first two weeks"
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