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

To: NotNeiderhoffer who wrote (15928)	1/13/2000 10:46:00 PM
From: jon zachary	Respond to of 28311

Sir, I certainly don't have all the answers but this thread really needs to get back to discussing GNET. the fact is that we have rehashed and discussed everything applicable to go2net in the past month or so. there isnt much to say or analyze that has not been done already. Starting next Tuesday and beyond there should be PLENTY to talk about. i guarantee you the O.T. will be gone because we should be watching the stock price appreciate. anyway, it seems as if go2net likes to split in the 100's, what do you think the chance is of them splitting after earnings date, into the quarter ? the float is only 21 million. that is way too low for a top ten network...they should split twice this year. did anyone read this ? ((yikes!)) jZ siliconinvestor.com Greenspan Says Fed Supports Higher Rates By Knut Engelmann Jan 13 9:16pm ET WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday the U.S. central bank is intent on defusing mounting imbalances in the booming economy and will support higher borrowing costs to prevent it from overheating. Sending a clear signal that a rise in short-term official U.S. interest rates is imminent, Greenspan told the Economic Club of New York that the Fed did not have the luxury to wait until the forces shaping the fast-changing U.S. economy come into clearer focus. Blaming a ``huge' rise in equity prices for increasing consumer wealth and driving aggregate demand to a point where supply could not keep pace without fanning higher inflation, Greenspan said rising interest rates were the only way to restore balance in the world's biggest economy. ``In the end, balance is achieved through higher borrowing rates,' he said, adding that a recent rise in market interest rates was ``supported by a central bank intent on defusing the imbalances that would undermine the expansion'. A copy of his remarks was released in Washington. Greenspan said there was no sign of inflation pressures yet despite labor market conditions that were tighter than at any point in the past generation. But he warned that such signs of rising imbalances could bring the ``economic expansion, its euphoria, and wealth creation to a debilitating halt.' Fed policymakers meet on Feb. 1-2 amid expectations in world financial markets that they will raise the key federal funds overnight bank lending rate by at least a quarter percentage point to 5.75 percent. That would be its fourth increase in seven months aimed at keeping inflation at bay. MR. INCREMENTAL The yield on the inflation-sensitive 30-year U.S. Treasury bond has risen to 6.65 percent from 6.21 percent a month ago as dealers priced in expectations that the fed funds rate will rise by at least half a percentage point by mid-year. ``Greenspan's comments sent a clear signal of an interest rate hike,' said Hirokuni Matsumoto, a trader at Yamatane Securities in Tokyo. Some economists have speculated whether Fed policymakers are so concerned about the risk of overheating that they may decide to raise the fed funds by half a percentage point right away. But the Fed has not taken a half-percentage point step in five years, preferring instead to make incremental moves. Greenspan also said that after last year's three rate increases, the process of rising credit costs was ``already well advanced', suggesting he may be content with a quarter-point step for now. Fed policymakers meet again on March 21, at which point they could administer further tightening moves. The U.S. economy is about to enter an unprecedented ninth year of expansion with growth running at more than five percent. Unemployment at its lowest point in some 30 years as U.S. producers strain to satisfy red-hot consumer demand. ``There has to be a limit to how far the pool of available labor can be drawn down without pressing wage levels beyond productivity' and causing inflation to rise, Greenspan said. ``Admittedly, we are groping to infer where those limits may be. But that there are limits cannot be open to question.' THE BOTTOM LINE: THERE'S A LIMIT Greenspan said productivity gains sparked most of all by advances in information technology had raised long-term profit expectations and ``engendered a huge gain in equity prices'. ``Through the so-called 'wealth effect', these gains have tended to foster increases in aggregate demand beyond the increases in supply,' Greenspan said. That demand could only be filled through rising imports, higher immigration rates or falling unemployment, he added. ``The bottom line, however, is that, while immigration and imports can significantly cushion the consequences of the wealth effect and its draining of the pool of unemployed workers for awhile, there are limits,' Greenspan said. Greenspan, who earlier this month was reappointed by President Clinton for a fourth term at the helm of the Fed, said recent budget surpluses had helped to absorb ``a good part of the excess of potential private demand over potential supply'. He urged the administration not to abandon fiscal discipline that could ``obviate at least part' of the need for higher interest rates to keep the economy on an even keel.

To: NotNeiderhoffer who wrote (15928)	1/13/2000 10:59:00 PM
From: sandintoes	Read Replies (1) \| Respond to of 28311

I know many people that have worked at various divisions of Time Warner through the years and I was always amazed at their sense of entitlement and fat expense accounts that came with their positions. Merging that attitude with AOL's corporate culture will be interesting to watch. To me, this will be one of the main obstacles for Time Warner and Aol to overcome, the merging of two entirely different cultures and philosophies. As a matter of fact when the merger was first announced, my first thoughts were of Ted Turner trying to tell Case what to do, and vise versa. GNET is lucky in the respect that they are able to make their own decisions {to a certain degree} and can act rapidly if the situation demands it. Some of the old, stodgy Companies must get everyone's approval including the janitors. It will be interesting. Thank you for clarifying that point for us.