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

To: Puna who wrote (12582)	10/5/1999 12:58:00 AM
From: Roger Sherman	Read Replies (2) \| Respond to of 28311

Still CRAZY (for GNET) after all these months!!! Yo Bro, Just remember the three simple rules I taught you about how to make money in the stock market. 1. Find a GREAT company with a mission of providing the "very best" of a much-needed product or service to the world, with an outstanding management team, and with a great vision for the future. 2. BUY LOW (like RIGHT NOW in the case of GNET, or CHTR very soon, next week). 3. SELL HIGH (like in 5, 10, 15, or 20 years. . . or when you're ready to retire, or need a few bucks. Although I NEVER plan to really retire from what I LOVE doing). As you know, I try to "invest" not "trade" in the stock market. And remember (even after the +/-29% stock price decline this past quarter), just 1 year ago today GNET closed (actually on 10/5/98), adjusted for two 2:1 stock splits this year, at $4.25 per share!!! We'll all just have to wait to see (after all these Y2K crap worries are long gone) what it's trading at 1 year from today. WHAT, ME WORRY? Hell no!!! My guess is that it will be a very long way from today's price. But then again as you know, I'll be MUCH LONGER with GNET than just 1 year. And I've been buying more GNET recently in the 60's (IMHO what a bargain), putting it into our six combined IRA's a SEP's. Won't be selling any of those shares for a VERY LONG TIME!!! Heck, our children will most likely end up inheriting most of our GNET shares, as I'm not sure we'd be able to spend that much anyway. Besides, the best things in life are truly the ones that are FREE (like butterflies, flowers, sunshine, walks on the beach, moonlit nights, sunrises in the mountains. . . and of course love, sex, and rock-n-roll!!!). #4T9 (and proud of it, thanks to you). PS. And remember, YOU AIN'T SEEN NUTTIN YET!!! Perhaps you might enjoy the following article from tonight's Seattle Times. ......................................... seattletimes.com (I added the bold) Monday, October 4, 1999 ALLEN'S FIRM TO PUT $1.6 BILLION IN RCN by Patrick Harrington Seattle Times business reporter Paul Allen's "wired world" got a little more connected today after the Microsoft co-founder's venture-capital company invested $1.65 billion in RCN, a provider of telephone and Internet service on both the East and West coasts. One of Vulcan's largest investments ever, the stake in RCN is another Allen deal in his apparent bid to build an integrated electronic empire that will create an easy-to-use way to shop, enjoy entertainment and communicate. Vulcan will get preferred stock that will convert into RCN common stock within seven years at a price of $62 a share. Vulcan already owns 4.5 percent of the New Jersey-based RCN. The new investment gives it a 27.4 percent stake. Also today, RCN announced it would be in a joint venture with Vulcan, Charter Communications, Go2Net and High Speed Access to develop an Internet portal service called Broadband Partners. The company will service customers of RCN and Charter Communications. Allen owns Charter Communications, the fourth-largest U.S. cable-TV operator, and 34 percent of Seattle-based Go2Net, a network of Web sites. Under the venture, Seattle-based Go2Net will distribute customized versions of its content, technologies and services to subscribers of Charter and RCN and other companies in Vulcan's investment portfolio. "This is a great opportunity to immediately demonstrate synergy between RCN, Charter and Go2Net," said William Savoy, president of Vulcan Ventures. "As the Wired World continues to unfold, we look forward to finding opportunities between these companies and our other new-media investments." Copyright © 1999 Seattle Times Company