InfoSpace (INSP): Where GNET went! Message Board

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

INSP 96.21

+1.9%

Jan 21 3:59 PM EST

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To: WallStreetTips who wrote (1541)	3/9/1999 12:56:00 PM
From: Scrapps	Read Replies (1) of 28311

E-commerce strategy should begin to bear fruit in second half of year. Baring Furman Selz analyst David Levy said Tuesday he initiated coverage on GO2NET INC (85-13/32, up 18-21/32 @ 10:20 ET) with a strong buy. The company generates revenues through advertising sales, subscription fees, and transactions over its various Web properties. Go2Net's price target is $100, analyst said. Among its properties are Silicon Investor, StockSite, MetaCrawler, PlaySite, HyperMart, WebMarket and 100hot.com. Viewership increased to 5.3 mln in January from less than 1 mln a year ago. Compound annual revenue growth of more than 60% seen through 2005. E-commerce strategy should begin to bear fruit in second half of year. Acquisitions could enhance current offerings. Company is ''an ideal strategic partner'' for more traditional media companies.

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