InfoSpace (INSP): Where GNET went! Message Board

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

INSP 124.41

-2.3%

Nov 28 9:30 AM EST

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To: B. A. Marlow who wrote (6824)	6/5/1999 8:44:00 PM
From: gbh	Read Replies (2) of 28311

Vulcan's unfulfilled bid for a majority of GNET shares at $90 is a pretty solid floor. As a practical matter, the only thing supporting the $90 "floor" as you call it, is the technical support put in here over the last couple of weeks. Don't fool yourself about Paul Allen tendering more shares at $90. $90 is simply the number he had to pay to do the deal at the time he did it. And he has all the shares he needs by any reasoning. If the stock falls below $90, if could very easily go much lower, and still be way overvalued like now. Don't get me wrong, I'm long this stock, and have a very good basis, but I'm also realistic about the current valuations of all these stocks. One day the investment community will wake up and properly value these stocks, and if it happens soon, all I can say is GNET won't be very close to $90... Gary

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