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

To: Carolyn who wrote (14882)	12/15/1999 1:59:00 PM
From: Sarkie	Read Replies (1) \| Respond to of 28311

Some of this is missing and the transcript is poor, but here is the interview. tveyes.com CNBC 12/15/99 - 11:23:50 AM ..... the two ceos involved in that deal, alan hassenfeld, chief executive of hasbro and russell horowitz, the chief executive of gonet. Welcome to both of you. >> Good morning, consuelo. >> Thanks. Consuelo: Let me ask you each, why do you need each other? Why are you doing this deal? Mr. Has elevenfeld, why don't you start and we'll go to mr. Horowitz. >> We think that go2net problemsly the greatest technology partner that we can find. They have done some incredible thing, but i should really let russell tell you about go2net We just bring to them probably the richest portfolio of content or library or product that almost anyone has amassed anywhere in the world. Russell, let me turn it to you. >> On the technology front, go2net started developing our multiplayer games technology platform in 1997. We've invested 2 1/2 years in development of it. And it's now uniquely positioned to deliver, to echo alan's sentiments, the best brands in the gaming suffice a wide on-line community. One of the main differential points is with our java-based platform. We support users, regardless of their operating system, whether it's windows, mac or linux. And we're also developing it to support any internet appliance, you know, pcs, tv set-top boxes as we start to look at broadband where multiplayer games is going to be one of the killer applications. And with hosbro's content, you mentioned some of brands, uniquely positioned to be ..... tveyes.com CNBC 12/15/99 - 11:25:03 AM ..... multiplayer games is going to be one of the killer applications. And with hosbro's content, you mentioned some of brands, uniquely positioned to be the definitive offering really the leader. Consuelo: What are the financial terms of the deal, mr. Hassenfeld, do you want to address that. >> What we're doing, consuelo, is we have a licensing arrangement where we're paying go2net $7.5 Million early next year to help us with all of the technology. And as this will be basically a site which will be both revenue generated from advertising, from subscription play, from sponsorship and from e-commerce. We'll be splitting some of those revenues, but it gets a little bit complicated in a short period of time, but i think this is one of those win-win relationships for both ourselves and go2net Consuelo: Just so you know the stocks of both of your companies are down today on this news. Do you have any idea why that would be the case or do you think it's not related? >> I don't really think it's related. In some sense, hasbro's going to show about a 30% increase in eps this year. I think we told people this morning that our venture with go2net is probably going to cost us 2 cents this year. Maybe it's the 2 cents. This is a deal in a marriage for the future. We truly believe that in this space that we can control the gaming portal. And so many people, i mean, the real killer application for the internet right now is gaming. Consuelo: Right. .....