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: PatrickMark who wrote (10702)8/3/1999 8:20:00 PM
From: playavermont  Respond to of 28311
 
The following is from a press release dating back a bit:

March 15, 1999.

"Comprehensive portal services such as Go2Net delivered directly to the set-top boxes will be a critical component in the future of cable" Paul Allen said in a statement.

"We're putting real money into the company. We think it will increase the value, and we want to be a meaningful owner" said Bill Savoy of Vulcan Ventures.

By the way the stock closed at split adjusted $56.65 that day.

Also, be aware Mr. Allen cost basis of his GNET holdings is $36.00

This includes his 9 million shares purchased at $33.00/share and his 2.8 million purchased directly from officers at $45.00/sh.

( these #'s are split adjusted )

In my opinion this YAHOO / EXCITE@HOME / AOL / BROADBAND talk is just the start.