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

To: jk28 who wrote (9928)	7/21/1999 9:51:00 AM
From: GlenS	Read Replies (2) \| Respond to of 28311

Was SI down the last hour? I could not get to the web site. #27 Long GNET

To: jk28 who wrote (9928)	7/21/1999 12:12:00 PM
From: WallStreetTips	Respond to of 28311

GNET >>> Will GNET reach new highs after results? Thanks jk28. Will GNET reach new highs after results announcements? Yes most likely in my opinion. We should see a blow out quarter. I predict eps coming around 8 cents. First Call estimates indicate 5 cents whereas Whisper numbers are at 7 cents. I am sure that results will be very encouraging and trigger heavy buying tomorrow if the market trend is favorable. GNET may even make announcement of some new acquisition and new deals. Now that GNET is at #9 per latest Media Matrix Statistics, it remains to see whether GNET now makes a goal to be in first 5 in next year or so. Conference call will be very important to figure the future of GNET. At this point it is very hard to predict direction of stock but one thing is sure in my mind that GNET will not disappoint its shareholders. Just my views.

To: jk28 who wrote (9928)	7/22/1999 9:10:00 AM
From: WallStreetTips	Respond to of 28311

GNET >>> Go2Net expects to announce ''shortly'' joint ventures Wednesday July 21, 9:39 pm Eastern Time FOCUS-Go2Net Q2 net income beats Street estimates SEATTLE, July 21 (Reuters) - Internet portal company Go2Net Inc. (Nasdaq:GNET - news) on Wednesday reported proforma second quarter net income of $3.1 million, or seven cents a diluted share, beating Wall Street estimates. Earnings improved from a second-quarter 1998 net loss of $160,000, or one cent per share, and were higher than the five-cent per share profit forecast by analysts surveyed by research firm First Call. Revenues leapt to $5.73 million in the second quarter from $1.97 million a year earlier. Wall Street's current assessment of Go2Net's growth prospects is weaker than warranted, based on the company's strong business and recent acquisitions, its Chairman and Chief Executive Officer Russell Horowitz said. ''Based on the rapid increase in our market position, momentum throughout our business and key recent acquisitions, we feel that Wall Street's current expectations for Go2Net's revenues and profits do not fully reflect the underlying strength in our business, particularly given our opportunities with transactions-based e-commerce and small business services,'' Horowitz said. The earnings were released after the market close. Go2Net shares had closed $1.31 higher at $77.75 in Nasdaq trading. Seattle-based Go2Net said page views across its network rose to 18.5 million a day in June from 12.3 million a day in March. On Tuesday, a report from industry consultancy Media Metrix Inc. showed Go2Net in ninth place among Web sites ranked by unique visitors per month, up from 15th place in May. The company announced several acquisitions during the second quarter, including a $90.5 million purchase of online payment authorization service Authorize.net. Microsoft Corp. (Nasdaq:MSFT - news) co-founder Paul Allen's Vulcan Ventures Inc. investment vehicle raised its cash investment in Go2Net to $300 million with a $133 million purchase of preferred shares on June 17, the company said. Go2Net expects to announce ''shortly'' joint ventures with various entities and through its alliance with Allen's Charter Communications, Inc. it plans to offer its service over high-speed Internet connections beginning in the first quarter of 1999, Horowitz said.