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

To: Augustus Gloop who wrote (10607)	8/2/1999 8:27:00 PM
From: Susan G	Read Replies (1) \| Respond to of 28311

From Steve Harmon's Hot Watch Newsletter for August Now written by By Chris Nerney Senior Analyst internet.com Go2Net (NASDAQ: GNET) Go2Net remains the top performer of all HotWatch stocks this year, logging an incredible 564% gain through July. You'll have to excuse GNET investors, however, if they've tended to lose sight of the stock's spectacular first half of '99, for July was a disaster. GNET shares fell 36.1%, the biggest loser of all HotWatch picks last month. That should turn around as the significance of GNET's Q3 earnings report -- released July 21 and overlooked in the market selloff - sinks in with investors. All Go2Net did was triple revenue ($5.7 million) over Q3 '98, beat Wall Street estimates with net income of $3.1 million, or 7 cents a share (consensus estimate was 5 cents) and report an increase in page views across its network of sites from 12.3 million per day in March to 18.5 million in June. Go2Net remains the fastest-growing property among major Internet destinations, with traffic increasing 91% since January. In June, the company's group of sites cracked Media Metrix's Top 10 Digital/Media Web properties for the first time, jumping from No. 15 to No. 9. At the current rate of growth, Go2Net should eclipse Amazon.com, Time Warner Online and The Excite Network by year's end. If it also can overtake Go Network (which currently has twice as many visitors), Go2Net becomes a Top 5 Web destination, trailing only AOL, Yahoo!, Microsoft and Lycos. That's the big leagues.