InfoSpace (INSP): Where GNET went! Message Board

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

INSP 118.37

+2.5%

3:59 PM EST

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To: B. A. Marlow who wrote (2115)	3/17/1999 5:31:00 AM
From: Eski	Read Replies (1) of 28311

Up 612% This Year: Go2Net Goes To Town, Leads All Gainers By Steve Harmon Senior Investment Analyst Internet.com "Where Wall Street Meets The Web" Sometimes a company name can be prescient as in the case of Go2Net, which Paul Allen invested in this week and did just that. The inspired move sent Go2Net (NASDAQ:GNET - news) shares going ballistic, up 48% the past week and 612% year to date. Allen agreed to invest $750 million in Go2Net for a 54% stake. Allen's Vulcan Venture unit invested $300 million in convertible preferred and the venture firm will also make a tender offer for 5 million shares of GNET at $90. Just when you thought the top 10 Web sits in the world dominated the deal action this agreement vaults Go2net into the same cash league as Yahoo, with a great partner in Allen, who owns cable, motion picture and Internet interests.

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