InfoSpace (INSP): Where GNET went! Message Board

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

INSP 124.52

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12:59 PM EST

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To: option007 who wrote (6800)	6/5/1999 1:58:00 PM
From: Blue Snowshoe	Read Replies (1) of 28311

007, Allen's $90 offer expired on March 15 (a long time ago). What GNET gets for shares they paid nothing for doesn't really matter and a deal is a deal. You may have forgotten but GNET at the time of the Allen offer was trading for less than $90, in the 70's if memory serves me right. So you are trying to use history for today? $90 doesn't matter, all it says is at one time (history) that is what Allen was willing to pay. I have a 59 Edsel that I bought last year for fun and because it was in mint condition. I like things you don't see every day. In 1959 the taxable value was $2,515, yup that is what a brand new Edsel sold for in 1959. So for the rest of time is that the price of the car? Is that what it is worth today? The answers are no and no. Since Allen's offer which was more than what GNET was trading for at the time, please tell me how that can be a good number today. Especially since GNET has bought Hagle.com and others that add value to the company. Also a long list of internet companies trade for more than GNET yet, GNET is gaining viewers not losing them. What price do we put on that? Allen once tried to buy a chunk of AOL for less than $100 so should less than a hundred be the FMV of AOL today? New day, new thinking, things change. GNET today is not the company it was when Allen made his offer several months ago. PLEASE, give this 90 bucks stuff a rest. If you would like to sell your GNET to me for $90 a share today, I'll gladly buy it. Please give the 90 bucks a rest and put it where it belongs, in a history book. BLUE

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