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

To: silversoldier a/k/a SI Sy who wrote (18506)	4/18/2000 9:27:00 PM
From: Roger Sherman	Read Replies (1) \| Respond to of 28311

Lead article in today's Seattle Times Business Section: The original "published" (hard copy) article was titled: MAKING MONEY ON THE WED seattletimes.com Tuesday, April 18, 2000, 09:07 p.m. Pacific Go2Net shows it can make money on the Web by Monica Soto Seattle Times technology reporter (below are a few snippets from the article) Seattle-based Go2Net has posted a pro forma profit for the fifth straight quarter, providing a contrast to bleeding Internet companies that have been much of the focus during the stock-market decline of the past month. "These results come at a time when the industry is starting to focus on the substance of who has a sustainable business," said Russell Horowitz, Go2Net's chairman and chief executive. "This quarter serves as a fairly strong measure of what kind of business we have." In a call with analysts, Horowitz said the company plans to use the stock-market slide as an opportunity to acquire companies which have either shelved plans for initial public offerings or are having trouble raising additional capital. "Right now, clearly the volume of possibilities has increased significantly," he said. "But we want to make sure we're really selective." The company, which holds no debt, reported a cash balance of $243 million. Adding long-term bonds, the figure is $410 million. Horowitz said business trends are so positive now that Go2Net has raised its long-term operating-margin target to a range of 33 percent to 38 percent from 30 percent. If the company achieves its target, it will be in the same category as Yahoo!, which is the most profitable company in the industry. "I tried to find something negative, but I couldn't," said Tim Bueneman, senior vice president of Pacific Crest Securities. "I thought it was very impressive." Media Metrix listed the Go2Net Network as the 12th-most-visited Web site in February with more than 12.6 million "unique" visitors. Horowitz said he's focused on the future. "March is history," he said. "We're glad that it served as an example of what we can do with our business, but we're focused on building on it and extending it, making some new things happen." Copyright ¸ 2000 The Seattle Times Company