InfoSpace (INSP): Where GNET went! Message Board

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

INSP 115.52

-3.1%

3:59 PM EST

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To: Technologyguy who wrote (505)	11/13/1998 7:35:00 PM
From: Technologyguy	Read Replies (1) of 28311

The Motley Fool's Market Movers (Heroes) The Motley Fool - November 13, 1998 18:00 November 13, 1998/FOOLWIRE/ Go2Net Inc. (Nasdaq: GNET) jumped $9 3/4, or 33%, to $39 1/4 today after reaching as high as $51 3/4 in early trading. The operator of such websites as Silicon Investor, StockSite, MetaCrawler, and Hypermart late yesterday reported fiscal Q4 earnings of $0.02 a share (before charges) compared with a loss of $0.09 the year before and analysts' mean estimate of a loss of $0.10. Revenue grew 47% from the previous quarter to just under $2 million -- which was a 530% increase year-over-year. Gross margins improved to 71.6% this quarter from 69% year-over-year. For the fiscal year, margins reached 62.7% from 56.8% a year ago. Traffic to Go2Net's various websites jumped 22% to 6.7 million average daily page views during September from 5.5 million in June. It now has 227 advertisers, compared with 138 three months ago and just 11 a year ago. CEO Russell Horowitz said the company's main goal for fiscal 1999 is to expand recognition of the Go2Net brand with increased spending on marketing, which in turn may hurt the company's profitability.

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