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

To: Robert Frisbee who wrote (12235)	9/21/1999 10:29:00 PM
From: sandintoes	Read Replies (1) \| Respond to of 28311

You're going to buy the hotel we're staying in, in Hawaii? Cool: Will it have a golf course?

To: Robert Frisbee who wrote (12235)	9/21/1999 10:31:00 PM
From: KLP	Read Replies (4) \| Respond to of 28311

Didn't find the Forbes article on Internet, BUT did find it in the magazine'..I've typed it entirely, except for the figures they have used on the chart. If anyone is interested, I'll try to get the numbers they used on the chart on the board. Thanks Bobby for alerting us....I would be really interested in comments on this article....Especially the last sentence.... KLP TO QUOTE: Forbes Magazine October 4, 1999 issue Page 138 Under: Statistical spotlight Virtual finance What matters in valuing Internet stocks? Look at things like the ratio of price to sales and projected sales growth. By: Robert J. Sherwood Article: Is Yahoo really worth $171 a share? What about Go2Net, trading at $70? Forget about conventional valuation yardsticks, such as the price/earnings ratio. Few startup Web firms have profits worth mentioning. If you want to speculate in this sector, you have to come up with something else to value the stocks. We turned to Lorraine Wang, associate investment strategist for Morgan Stanley Dean Witter, for help. Wang, to her credit, is no runaway bull. She says that in many cases even lofty earnings and sales forecasts can not justify current stock valuations. But she finds a few Net stocks worth looking at. Wang pays a lot of attention to the price/sales ratio. She uses latest 12 month sales and consensus long-term sales growth projections. Internet stocks march to their own drummers, with an average price/sales ratio of 64. (Compare the S&P 500 index at three times sales.) But some of them are a lot cheaper than that. Earthlink Network and USWeb/CKS, for example. Thanks to a falling stock price and rising sales, Earthlink, an Internet service provider, has a PSR of 6, or 49% lower than its level of a year ago. Yes, that?s cheap, she says, for a company likely to compound its sales revenue at a 63% annual rate over the next three to five years. USWeb/CKS, a Web consulting firm, goes for seven times latest 12-month sales. Wang says it's worth a lot more. Its sales growth should come in at 80% a year over the next several years. So what's overvalued? Go2Net, a portal site, has $15 million in recent sales, a $70 price and a market value of $1.8 billion. Wang things the share price ought to be under $10. UNQUOTE KLP NOTE: There is a chart on this page titled Digital filter: Internet picks and pans based on price-to-sales and projected sales growth. Chart says Overvalued: CNET Go2Net Inktomi RealNetworks Yahoo Chart says Undervalued: Concentric Network Earthlink Network PSINet USWeb/CKS Verio This Chart list sources: Morgan Stanley Dean Witter, IBES International and Interactiave Data via FactSet Information Systems. msdwdco.com deanwitter.com vaultreports.com This shows some info re Morgan Stanley Dean Witter from a possible employment point of view?. forbes.com October 4, 1999 Couldn't find the article online, so I've typed it here.

To: Robert Frisbee who wrote (12235)	9/21/1999 11:14:00 PM
From: Sarkie	Read Replies (3) \| Respond to of 28311

Robert, My sincere apologies, I didn't mean to shoot you. Fortunately, I was only loaded with rubber bullets so it should only be a flesh wound. So, here's to you being thick skinned. I do get upset when the topic of branding comes up. I honestly do not believe there has been enough attention paid to getting the name out there. We here on this thread, especially the longs, seem to preach this name to any and everyone that will listen, and rarely, only rarely do I encounter someone that knows of the name (other than my SI cronies.) I cannot comment on the Forbes article, because as of yet I have not read it. Without seeing the article I can only say that I find it very hard to believe that anyone in their right mind would think GNET is worth a mere $10. I do understand I will encounter it if I just keep reading. ~Sarkie

To: Robert Frisbee who wrote (12235)	9/21/1999 11:53:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 28311

<Also long in HSAC and visited their NOC today. > Sorry, but what is NOC? Any comments on your visit? (Also long hsac.)