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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: WallStreetTips who wrote (8829)	6/30/1999 1:30:00 AM
From: Susan G	Read Replies (1) \| Respond to of 28311

Up 688%: Go2Net Tops ISDEX Year To Date Not sure if this was ever posted here... Friday June 25 By Steve Harmon Senior Investment Analyst internet.com "Where Wall Street Meets The Web" Today's snapshot: panorama for the year to date, just which Internet stocks are up, down or spinning all around in a market taking its cues from interest rate fears, Internet hypergrowth and merger mania? First, back in January when I mentioned Go2Net (NASDAQ:GNET - news) as a top pick for 1999 there were few signs it would fit the bill. Through June 24 GNET led ISDEX by far in percentage gains, up 688%. In the interim the few key things that set Go2Net apart in my mind were the quality of its management led by Russ Horowitz, its willingness to adapt, and its aggressive growth strategy. Those were likely the similar elements that billionaire Paul Allen saw when his Vulcan Venture Group investing arm agreed to acquire a major stake in Go2Net announced March 15. Go2Net's been non-stop since then, ramping out its Hypermart business hosting site, adding auctions, acquiring IQC (charting and technical analysis site) and more. GNET had been on my radar since 1997 but I believe only now is it starting to come into its own as a portal/destination. I think Paul Allen's 30% stake bodes well for the firm as Allen seeks to build out a Internet suite from front to back end, content/commerce to access.