SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?


To: Carolyn who wrote (9775)7/20/1999 10:34:00 AM
From: Susan G  Read Replies (1) | Respond to of 28311
 
I think gnet is just falling with all the nets, due to the fact that we broke 640 DOT.X support the other day and sell programs have kicked in. 600 is the next support. We are almost there, hopefully it holds.

GNET is on the top of my watchlist as far as money flow in on Qcharts at the moment. Doing better than most, which have negative flow.



To: Carolyn who wrote (9775)7/20/1999 11:28:00 AM
From: Lizzie Tudor  Read Replies (1) | Respond to of 28311
 
$70 million venture capital fund in collaboration with a group of partners, including Microsoft cofounder Paul Allen's Vulcan Ventures.

The fund hopes to leverage traffic to Lycos's network to kick-start early stage Internet companies through technology, content, and commerce agreements.

Lycos will pump $10 million into the fund with the remaining $60 million coming from other partners, including Bear Stearns, Mellon Ventures, Mirae, Sumitomo, and others.


I'm trying to find more information on this but based on what I see here it looks like just another investment vehicle for Allen. 70mm is sure not much and how much did he put in anyway, being as he is only one of Bear, Mellon etc.? Gnet spent 90mm on one acquisition after all.