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

To: freedog who wrote (18587)	4/19/2000 10:41:00 PM
From: Pareto	Read Replies (2) \| Respond to of 28311

No company is build overnight. Please compare the financials of YHOO and GNET. siliconinvestor.com siliconinvestor.com The April-June quarter of 1997 Yahoo had revenue of 14M. Go2net was founded in that quarter and had revenue of US$ 218.000. Last December Gnet had 14M as well. They are 10 quarters behind Yahoo. Still building the company, hiring staff, painting the offices, defining the limits of the corporate culture. Revenue is now at 7M per month. An average wal-mart store has a higher revenue. It is still a very small company and resources are scarce. It is difficult to watch the screen all day and see the stock slide 10%. But have we nothing else to do? Watching a small company grow and expecting its shareprice to go up everyday is like watching corn growing in the field. Just give it a break and come back some months later. Regards, Pareto

To: freedog who wrote (18587)	4/20/2000 9:21:00 AM
From: sandintoes	Respond to of 28311

If someone already posted this, sorry....No I'm not! It bears repeating! america-invest.com Where to Go? Go2Net Wednesday, Apr. 19, 2000 17:14 PDT By Tom Nelson, America-iNvest.com Dot-crash? No, dot-cool. It?s been a great couple of weeks for investing, as long as you know how to play it cool. The No. 1 commandment of playing it cool is to know that taking out a second mortgage on your home to invest in a portfolio consisting entirely of eToys, priceline.com and iVillage.com is not cool. No. 2 is being able to step back and keep some perspective when the lemmings go cliff-diving during a crash such as last week?s. Amazingly, some still have the panic button fully depressed. Whether it?s a margin call, a big overdue tax bill or a simple case of losing their nerve, motivated sellers are out there. At the right price, you should accommodate them by being a willing buyer. Not to sound trite, but buying low is what it is all about. Consider that last November, somebody paid 98 1/2 for a single share of Stamps.com. On Thursday, somebody else paid 10 and change for a share of the very same company. Who would you rather be? (Note: ?Neither? is a perfectly acceptable answer. However, if you feel that way, you may as well stick to certificates of deposit and keep rooting that Alan Greenspan continues to raise interest rates.) So while chanting the ?buy low? mantra, we cast our nets into the perilous waters inhabited by Internet content providers, which took some of the most serious blows during the recent tech meltdown. Through last Friday, content providers as a group were down 73% from their 52-week highs. Go2Net Inc. (GNET) was not spared. Shares of the Web site network topped 100 a mere three weeks ago. On Monday, the Seattle-based company neared its 52-week low of 44 1/16 before its after-the-close announcement of second-quarter profits that annihilated Wall Street estimates. Consensus estimates expected 11 cents a share; Go2Net turned in pro forma profits of 18 cents a share. The company also said that daily traffic on its sites, which include the MetaCrawler search engine and the Silicon Investor financial news site, grew to an average of 34.9 million page views per day in March, compared to 12.6 million a day a year earlier. The Q2 strong performance was rewarded on Tuesday, when the stock bounced up to an intraday high of 61 1/8 before closing at 60. Even better news is that the company, which is backed by Microsoft co-founder Paul Allen, is poised to become much more than a mere advertising-driven Internet portal. Business service and technology platform divisions contributed to the Q2 earnings, Go2Net?s fifth-straight quarter of profit growth. With execs at some Internet companies praying that their stocks have hit bottom, cash-heavy firms such as Go2Net, which says it has $275 million in cash or cash equivalents on hand, is in an enviable position. If, as many predict, an M&A frenzy takes hold of the e-content sector, Go2Net is a good bet to come out near the top. Go2Net?s large fan base in the investment community further differentiates it from flailing e-content providers such as drkoop.com, which has entrenched itself as the new punch line for all of the old crashing stock jokes. On the eve of last Friday?s dot-com implosion, S.G. Cowen initiated Go2Net with a strong buy and a price target of 115. After the blowout Q2 numbers were reported Monday night, several buy and strong buy recommendations were reiterated along with upwardly revised earnings estimates and a slew of triple-digit price targets. While last week?s market mayhem makes it difficult to advocate investing in the Internet content space, companies such as Go2Net make it hard not to.