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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 86.37-0.5%Nov 14 9:30 AM EST
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To: Blue Snowshoe who wrote (6528)6/1/1999 1:18:00 PM
From: BGR  Read Replies (2) of 28311
 
50% YOY growth from '99 to '00 at best means a 100 forward PE, giving a price of 43 in September (and a more conservative number in the mid 20's also is not unthinkable). So, if someone takes those earnings numbers to be fairly accurate, selling seems rather justified. However, if GNET beats earnings by three figure margins as it has done in the recent past the situation would be different.
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