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Technology Stocks : InfoSpace.com -- Ignore unavailable to you. Want to Upgrade?

To: 10K a day who wrote (1692)	3/25/2000 6:05:00 AM
From: Spytrdr	Respond to of 3070

(check the last paragraph) All Aboard On the message boards 'Spacers' circle the wagons Is InfoSpace 'more than justs a '.com'? By Shawn Langlois, CBS MarketWatch Last Update: 7:03 PM ET Mar 24, 2000 NewsWatch cbs.marketwatch.com Merely a speed bump on the road to riches. That's what investors on the message boards are calling InfoSpace's ragged performance during the Nasdaq's recent downturn. When the tech market turned jittery earlier this month, shares of InfoSpace.com (INSP: news, msgs) followed suit with a 45 percent free fall. See Bambi Francisco's Net Sense. Unfortunately for shareholders, while the Nasdaq spent most of the week roaring back toward its highs, INSP couldn't recoup the losses. Still, the longs in cyberspace liked the company's chances of rebounding heading toward next quarter's earnings announcement and the stock split scheduled for April 6. See full story. On CBS MarketWatch, GregoryPB couldn't understand why the Street has been shying away from the stock: "When will the market realize that InfoSpace is no longer just a '.com'? Will it be when revenues reflect the massive earnings attainable from wireless content? With billions of wireless devices enabled over the next two to three years ... conservatility, the revenue that InfoSpace is capable of generating is mind-boggling. Imagine 500 million wireless Internet devices around the globe placing cash into the vaults of InfoSpace at one to two dollars per month apiece. A week of market turmoil does not undo the future." JBJr tried to make sense of the drop on Raging Bull: "The Nikkei is still having jitters about Nets being overvalued. While INSP is much more than a Net play, the market still thinks it's a Net stock. They just don't get it, but perception is the cruelest form of reality. This may weigh on the price. I also think that Fortune's expose on Net companies' financial smoke and mirrors coupled with MicroStrategy's dog-and-pony show has spooked a lot of people." Speaking of which, Krisko was one hesitant bull: "Something is very spooky here. Almost every day there is good news that would whip other Internet stocks into a frenzy, and it doesn't affect us at all. I came off other positions that were kicking (butt) to get more INSP to try and cost average my original price. I'm still wondering if I'm a bonehead or a visionary." Over on Silicon Investor, there was a bearish clan that spoke up amid the cheerleading. Impristine felt like he was "shooting a pellet gun at the Hindenburg" when he and SpyTrdr, his naysaying comrade, offered a bevy of negative posts like this one: "Worth almost half as much as General Motors at the high? What could people possibly be thinking? How can judgement (sic) become so clouded?" And "INSP is more than high tech; it's science fiction." The barbs just kept on flying as the bulls and the bears went head-to-head throughout the message boards. The proof is in the pudding, I suppose, and, despite recent foibles, InfoSpace has proved itself a company to contend with in the information technology space. Shawn Langlois is community editor for CBS MarketWatch.