InfoSpace (INSP): Where GNET went! Message Board

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

INSP 86.75

-4.6%

3:59 PM EST

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To: Ian A. who wrote (101)	5/1/1998 10:34:00 PM
From: Obewon	Read Replies (1) of 28311

I read the article. It just tells us that the space became available. What I don't know is whether the $250,000 annual lease is a good price for the amount of space. Seeing that the company could be run out of any sort of space that has good comm lines (T-3 or better), why pay a premium for space. Granted that their digs make it a great working environment for employees, but is it necessary to advance the company's Internet and marketing strategy? Don't get me wrong. I'm not actively negative towards the company because it has a very nice office. I AM cautious about the fact that while the company actively promotes its Internet sites as low overhead, the low overhead doesn't always seem to apply to corporate level. I was heartened to see that management is paid primarily in stock and options thus aligning their interests with shareholders. I think the President only takes in $35,000/year in salary. OB BTW - Per their Merger Agreement with Silicon Investor, the company is required to make a best faith effort to file for listing on the regular NASDAQ market by December 31, 1998 (as opposed to the NASDAQ Small Cap Market now).

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