InfoSpace (INSP): Where GNET went! Message Board

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

INSP 65.56

-4.0%

Feb 5 3:59 PM EST

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To: Obewon who wrote (5246)	5/7/1999 4:02:00 PM
From: Hawkmoon	of 28311

Oh mighty Obewon <g>, Personally, were I the CEO of a cash-hungry internet company wherein I was offered $300 million in exchange for my selling a portion of my holding at a 50% premium to the price at the time of that offer, do you know what my answer would be??? HELL YES!!!! Horowitz made a sacrifice in the interest of his company. I admire that. On the other hand, this stock would probably not have seen the prices it has recently without that $300 million. Certainly not for at least 12 months or so. Having insiders sell part of their stake was a play for percentage CONTROL of the stock, not a golden parachute for insiders. These folks had 1 million plus shares of stock that PA wanted badly so he wouldn't dilute the stock, nor be forced to purchase it in the open market. In sum... insider sales of stock as part of the Vulcan deal are a non-issue. Always have been and always will be (for me anyway). All that matters now is developing this company into a 1st tier internet portal that attracts customer eyeballs. Regards, Ron

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