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

To: Susan G who wrote (11684)	8/31/1999 10:10:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

Well, it looks like the Bollinger Bands have not lied. Indeed, all "h*ll" did break loose after they contracted. Message 11075733 But I was wrong in percieving an upside bias. The volume just didn't confirm it. So here we are bouncing off the lower arm of the bollinger band envelope, and we need some volume in order to provide the stock a reversal sign on the hourly chart. The daily chart looks a little nastier, but again, some stong volume and interest in the shares could alleviate some of the downside pressure. However, it is not inconceivable that previous lows might be approached should the overall market continue to get hammered. Maybe Paul Allen should get on the horn with Alan Greenspan and talk shop..., or at least offer him a free vacation on his yacht in exchange for clamming up about asset price inflation....;0) I also have another theory that the shares could be under a short attack, but I will leave that theory for others to amplify upon. Regards, Ron

To: Susan G who wrote (11684)	8/31/1999 6:49:00 PM
From: Jeff Dryer	Respond to of 28311

To be consistent with my previous posts... the important number of shares to focus on is the fully diluted number of shares which is around 43 million shares... outstanding shares is only about 28 million. Assuming $278 million in cash, Go2Net has $6.47 cash per fully diluted share (fully diluted shares include convertible preferred shares and employee options). Cash represents about 10% of Go2Net's fully diluted market capitalization which is about $2.78 billion. The cash comparison to Yahoo is interesting in that Yahoo's cash stash represents about 1.5% of Yahoo's market capitalization of approximately $45 billion (including Broadcast.com acquisition which is already closed and should be included in cash and market cap numbers). Comparing enterprise value (minus cash), Go2Net is valued at about $2.5 billion versus about $44.4 billion for Yahoo.