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

To: The O who wrote (9394)	7/8/1999 9:26:00 AM
From: Carolyn	Read Replies (1) \| Respond to of 28311

And I'm sure there is more to come! Remember, Russell told Blue that the best is yet to come. This guy is too much, I hope he knows how much we love him.

To: The O who wrote (9394)	7/8/1999 11:02:00 AM
From: Eylon	Respond to of 28311

Here some article on the Commtouch IPO from the a newspaper in Israel (Commtouch is an Israeli company). Go2Net Allen and Russell are mentioned. jpost.com Much-awaited Commtouch IPO today By DAN GERSTENFELD JERUSALEM (July 8) - Commtouch Software is expected to issue an initial public offering this afternoon, after its postponement two weeks ago, sources close to the offering told The Jerusalem Post yesterday. The Ein Vered-based provider of e-mail services plans to raise at least $45 million by offering three million shares at $15 to $17 each, representing some 25 percent of the company's equity. In a separate development, billionaire investor Paul Allen announced yesterday that, together with Web site operator Go2Net Inc., he has invested $20m. in cash in Commtouch. Allen, who acquired the stake through his investment company, Vulcan Ventures, has in recent years invested billions of dollars in cable, Internet, and other technology ventures. This deal marks his first investment in an Israeli firm. Allen, who cofounded Microsoft Corp. with Bill Gates, has also recently invested a total of $300m. in Go2Net, a leading operator of branded Web sites. In a statement Go2Net said that Commtouch will develop enhanced e-mail and related services for the company's network. Go2Net added that it will extend Commtouch's services to other key organization with which it has formed strategic alliances. The investment is contingent upon the closing of the offering. Sources close to the company estimated that the recent investment will allow Commtouch to complete the offering successfully and may even allow the company get a better price. The IPO has been delayed due to a change in investor sentiment toward Internet companies. Industry sources had estimated prior to the investment announcement that it might even be canceled if the company fails to go public in the next several days. Following its investment, Go2Net will receive one seat on Commtouch's board of directors. Go2Net CEO Russell C. Horowitz said that the deal with Commtouch will bring e-mail, calendaring, and other services to the company's network. US Bancorp Piper Jaffray will act as the lead underwriter for the IPO while Prudential Securities and Warburg Dillon Read are comanagers. Commtouch runs free e-mail services and develops customized electronic messaging systems for other companies. The company's main shareholders include venture capital funds Harbourvest Evergreen, which owns 15.4% of the company, Apax-Leumi Israel Growth Fund (13.1%), Gemini Israel Fund (9.2%), and the Concord Group (9%). The company's founders together hold another 18.4%. Dr. Nahum Scharfman, who previously was director for development at National Semiconductor Corp. in Herzliya, holds an 8.5% stake, while Gideon Mantel, former CEO of Gali, has another 5.4%. Amir Lev, who studied economics and computers at the Hebrew University of Jerusalem, has a 4.4% stake. The company's president, Isabel Maxwell (daughter of the late media magnate Robert Maxwell), holds another 1%.