InfoSpace (INSP): Where GNET went! Message Board

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

INSP 130.34

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3:59 PM EST

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To: GlenS who wrote (6143)	5/25/1999 5:59:00 AM
From: Larry Zenith	Read Replies (2) of 28311

Paul Allen invested in Datek, another great move msnbc.com The investors include Mr. Allen's Vulcan Ventures Inc. of Bellevue, Wash.; Group Arnault, the private holding company of French billionaire Bernard Arnault that controls the luxury conglomerate LVMH Moet Hennessy Louis Vuitton SA; and TA Associates Inc., a private equity-investment firm in Boston specializing in technology and financial services. Group Arnault is believed to be investing a little more than half the $300 million. Together, the three investors will take a minority stake in Datek, though exact terms of the deal weren't disclosed. A representative from each group will have a seat on the Datek board, expanding it to nine from six members, Mr. Nicoll said. I would believe Vulcan had invested at least $100M, I think it is a great news for GNET. PA is executing his vision of "wired world", and most importantly, GNET is at the center of this world. Very very long GNET.

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