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

To: greenspirit who wrote (17600)	3/18/2000 10:37:00 AM
From: truth	Read Replies (1) \| Respond to of 28311

Hey everybody,Playaverputz was on this board for weeks warning us about the evils of GNET and even published a list of stocks that would help all of his "friends" make $ while GNET was going to underperform....Lets check the selections of this genius: TLXS -27 1/8 CMTO -16 INKT 62 5/16 CMGI -16 1/16 XTND -25 1/2 SFE 24 BRCM -25 1/2 RRRR -26 7/8 GNET 1 3/4 I would just like to take a minute to personally thank him for all his help, I greatly appreciate his investment SAVVVVVVVVVVVY.By the way, why have we not heard from this investment GURU???????????? I heard that the shareholder meeting went VERRRRY well,if anyone was present, I would love to hear further comments.Playaverputz,its not toooooo late to buy GNET(it would sure help the overall performance of your model portfolio shown above)

To: greenspirit who wrote (17600)	3/18/2000 1:03:00 PM
From: Kevin Rogers	Respond to of 28311

My observations on yesterday's annual meeting: Russ did his usual excellent job in outlining his vision for the company and where he sees the greatest opportunities for Go2Net. Overall, it was quite inspiring and reassuring (I even bought more after the meeting). A few highlights: They seek to make all of their products and services highly scalable and leveragable so that profit margins increase with higher levels of use. They continue to see tremendous momentum in their operations. For these reasons, they expect longer-term profit margins to grow from the mid-twenties to 35-40%. They expect half of their revenue to come from non-ad sources by year end. HyperMart's end to end service is being beta tested now and will be launched at the end of this month (3/29 I believe). Russ did not directly address the issue that has been raised on this board about not meeting earlier timelines for introduction, but his remarks on credibility and integrity suggest they won't do something until they have a good product that is ready (so it has probably taken longer to get it ready than he predicted). They see huge opportunities in business services by leveraging HyperMart (over 800,000 small businesses). Russ likened this potential to where Yahoo was in 96. They are and expect to remain cash flow positive on an operating basis, and have over $373 million available in cash and investments (as of 12/31/99). Many of their investments are presently worth much more than reflected on their balance sheet. They are now properly staffed to capitalize on their opportunities (staffing appears to have just about doubled since the beginning of this year). On the question of advertising: They are presently selecting an agency, but will not go over-board in spending (will spend 2-3 times as much as this year). They prefer to grow their properties organically, and will increase spending as sales increase (i.e., keep advertising spending as a percentage of sales relatively constant). Wireless: They are now beta testing the distribution of Go2Net services on wireless platforms and expect to announce a wireless strategy shortly. Russ took a shot at other companies hyping wireless service before their time. He is very sensitive to maintaining Go2Net's credibility and integrity and won't compromise either for short-term gain. Split: They won't split the stock just to move it, but will consider a split for increasing its liquidity. Finally, Roger Sherman did a great job presenting a plaque to Russ and thanking management for their efforts. Russ and his family were clearly touched and appreciative. It was fun to meet some of the more frequent posters on this board. You probably haven't heard from them yet because they had a full day of activities planned yesterday, but I'm sure they will provide their observations soon. Kevin Rogers #37

To: greenspirit who wrote (17600)	3/19/2000 9:02:00 PM
From: KLP	Read Replies (1) \| Respond to of 28311

There have been several excellent posts re the Annual Meeting....just wanted to add the notes I made....All in all, it was an extremely positive meeting! Russell Horowitz, John Keister, the other Officers of the Company, and the Staff that we met were quite knowledgeable, personable, and impressive. It is truly exciting to be part of a company that is, and IMO will continue to be in our landscape and horizon for many, many successful years into the future. KLP Notes from GNET Annual Meeting March 17, 2000 12.6 million unique users on network. Hypermart - 800,000 member business to date 3/29 end to end intergration solution announcement Hypermart provides free Web hosting, store front solution, shopping cart, transaction processing, merchant services, business directory, coop ad programs Enabling Services - strongest growth area GNET has a 19.9% equity interest in BroadBand Partners. GNET, CHTR, and Vulcan Ventures are equity partners. Other non-equity partners are HSAC and RCNC. Hasbro Games kickoff summer 2000 - three platforms, mass market Strategic alliance between GNET and Hasbro will provide GNET's mission critical technology and scalable platforms to create Games. Com, and bringing game brands such as Monopoly and Scrabble online. Re Advertising/Marketing: Will spend 2-3 times more cash on adv this year. Profit is more important. Plan to continue growing the business organically without spending millions of dollars on advertising. Will focus on highest growth business. There will be more news on international marketing Will be adding deals like NDB. Re: SI Question: Pay or Free to post? Will continue pay program. Better sense of accountability. Quality is key. Currently beta testing on wireless platforms to deliver content to whatever device customers are using. News will be "sooner rather than later". No announcement date yet, but: "near short term" Credibility is uncompromised integrity. Reinforced that Charter (CHTR) was NOT about cable, BUT rather Broadband. Re: Possible split: "May be in the future"...depends on liquidity and increased trading issues From: March 2000 Info to Shareholders Employees 412 Hdq: Seattle, WA Sales Offices: Seattle, New York, Chicago, San Francisco, Los Angeles, Boston, Dallas Atlanta, Austin, Detroit Business Categories: Consumer Services Business Services Enabling Services GNET provides enabling services through licensing content, services and proprietary technologies to third parties.