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

To: Susan G who wrote (10046)	7/21/1999 6:40:00 PM
From: Sgt. Stockpile	Read Replies (3) \| Respond to of 28311

MUSIC TO OUR EARS.... Go2Net CEO says Wall St. underestimating business SEATTLE, July 21 (Reuters) - Wall Street's current assessment of Go2Net Inc.'s (Nasdaq:GNET - news) growth prospects is weaker than warranted, based on the Internet portal company's strong business and recent acquisitions, its chairman said on Wednesday. ''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-basd e-commerce and small business services,'' Chairman and Chief Executive Officer Russell Horowitz said. Go2Net on Wednesday reported pro forma second quarter net income of $3.1 million, or seven cents a diluted share, beating Wall Street's consensus estimate of five cents a share. The company said page views across its network rose to 18.5 million a day in June from 12.3 million a day in March. Seattle-based Go2Net 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 investment vehicle has invested $300 million in Go2Net, the company said.

To: Susan G who wrote (10046)	7/21/1999 6:41:00 PM
From: KLP	Respond to of 28311

Hi Susan... I think this is the rest of the article... KLP#40 THANKS GNET!! Wednesday July 21, 5:55 pm Eastern Time Go2Net CEO says Wall St underestimating business SEATTLE, July 21 (Reuters) - Wall Street's current assessment of Go2Net Inc.'s (Nasdaq:GNET - news) growth prospects is weaker than warranted, based on the Internet portal company's strong business and recent acquisitions, its chairman said on Wednesday. ''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-basd e-commerce and small business services,'' Chairman and Chief Executive Officer Russell Horowitz said. Go2Net on Wednesday reported pro forma second quarter net income of $3.1 million, or seven cents a diluted share, beating Wall Street's consensus estimate of five cents a share. The company said page views across its network rose to 18.5 million a day in June from 12.3 million a day in March. Seattle-based Go2Net 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 investment vehicle has invested $300 million in Go2Net, the company said. More Quotes and News: Go2net Inc (Nasdaq:GNET - news) Microsoft Corp (Nasdaq:MSFT - news) Related News Categories: US Market News Help Copyright © 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?