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

To: playavermont who wrote (14609)	12/7/1999 5:53:00 PM
From: Carolyn	Read Replies (1) \| Respond to of 28311

Oops! Sorry for intruding, thought this was the GNET thread.

To: playavermont who wrote (14609)	12/7/1999 10:11:00 PM
From: jon zachary	Respond to of 28311

>>Go2net has very comparable ( if not better ) financials to Infospace. Is the wireless strategy going to be the homerun versus the wired strategy? Is PA, Vulcan, and GNET positioned correctly? ( looks like the street doesn't think so... for now )<< thing is that the street does not have to "think so" about go2net right now. i know that it seems annoying that go2net gets ignored compared to others in the internet industry, that's because it's true. it all goes back to their ipo. Go2net had its initial public offering in April of 1997, 1.6 million shares priced at only $8 per share, raising approximately $12.8 million dollars. The deal was brought to market by little known Maxwell Capital and co-managed by National Securities. None of the glitz that surrounded a Goldman Sachs ipo or the like. Furthermore, it wasn't until recently that go2net became covered by a top notch brokerage firm, analysts from Piper Jaffray and Prudential. so, the problem really is that after any excitement in the stock, it seems as if the money leaves quickly and enters the next group of hot internet stocks (that had a huge ipo with a goldman sachs, and is covered by all the big boys, etc..) and the money stays there longer, pushes the stock longer, and generally has more momentum from a larger and wealthier source of investors. if you look at the graphs of gnet it is interesting to note that most substantial upward spurts are high and volume and only last a few days or so. generally, the money then slowly leaves and this stock starts to lag again. for instance, recently cmgi yhoo, aol, and a few others have been so bullish and for quite some time now. yhoo even got pushed right through its old highs. since bottoming at 40-whatever, gnet had a few spurts, then dry periods that follow each one. of course this is also attributed to day traders going were the money is as well. i believe that you can look at this in a very positive manner too. i think someone mentioned earlier that go2net ceo russell horowitz doesnt make erroneous announcements just to "manage" the stock's trading price. well, he does not, go2net is focused on one thing, and they obviously spend quite a bit of their time doing it. they run a serious business that is focused on serious goals. i would say the next one we should all be looking forward to is breaking into the top five most trafficked web sites and becoming a tier one internet portal. i'm sure at the same time that a tremendous amount of resources are being spent on intertwining paul allen's wired world with go2net portal offerings. after all, this isn't very far away now. wow, that is going to bring how many millions of additional users to the go2net network ? 10's of..millions. go2net being the gateway to this wired world. cool.