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

To: Sarkie who wrote (13498)	10/29/1999 2:36:00 PM
From: Ron H	Respond to of 28311

Hi Gang, This was on Briefing.com's "story stocks" site this morning. I accessed it through my Schwab account. Maybe we'll break through the resistance at 70 and continue to rise. Have a nice weekend. Ron 10:50 ET ****** Go2Net (GNET) 67 3/4 +8 5/8 : An incredibly good partnership is benefitting both sides today. Go2Net will offer Net2Phone services on its web site. Net2Phone's technology allows phone and phone services over the internet at low rates, particularly for long distance. The deal has everything about that we like to see in a deal, for Go2Net. Net2Phone will spend a minimum of $5 million, over three years, to market the Go2Net phone site, and Go2Net gets a percentage of the long distance phone revenues, after Net2Phone hits a minimum revenue number, (the exact figure was not released). Talk about risk reduction. This is the kind of deal that AOL usually drives. Net2Phone is basically buying its way onto the Go2Net network, both with actual cash and with revenue sharing. It is a sign that Go2Net is gaining the critical mass it needs to make itself attractive to partners, and users. The obvious question here is "why didn't Net2Phone chose Lycos, or Excite, or Yahoo?" Go2Net is smaller than them all. The only possible answer is that Go2Net made a better deal, or that the other portals didn't want Net2Phone. Net2Phone is not a slam dunk obvious winner on the internet. The biggest risk for Net2Phone is the growing trend toward free long distance. When your competitive angle is cheaper long distance calls, free long distance is tough to beat. The only saving grace here is Net2Phone's strength in international calls, where it has a better presence than most companies, and even provides service internationally in some companies to Sprint. In characteristic inefficiency of the market, the increased valuation of NTOP today, up + 5 1/4 to 57 3/4, is not being reflected in IDTC (+1 3/16, to 22 11/16), which owns 57% of NTOP. The initial spike in GNET shares at the open, caused by an overabundance of market orders, is starting to fade down a little bit, now. Whether this deal turns into much revenue for Go2Net in the future isn't that important. The real importance is that it is a big step forward for Go2Net's presence in the net industry. - RVG