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

To: tahoe_bound who wrote (18596)	4/20/2000 1:19:00 PM
From: playavermont	Respond to of 28311

This is not GNET specific... But it just feels like the "bubble" has burst... In all honesty, it just feels like the "internet" stocks, whether profitable or not, are heading into a reality check that will simply put an end to the wealth creation machine of the last 24 months... It just feels completely different from the other correction cycles... And I really think it is because most believe this correction is temporary more than ever before... The Government and MSFT litigation may go down as the arrow that burst the technology boom! ( as far as stock prices are concerned )

To: tahoe_bound who wrote (18596)	4/20/2000 1:31:00 PM
From: Pareto	Read Replies (1) \| Respond to of 28311

"GNET stock is a hostage to the market, and a victim of negligence" Do you really think so? It is just a small company of 400 staff with 7M of revenue per month and a market cap of 1,5 Billion. That means that people value this company based on a high multiple of its future earnings. Projecting the future is a risky business and it is natural that the multiples go down in a nervous market. The only thing I don't like is that they still present pro-forma figures as the main figures, while the figures appearing on all financial sites relate to figures including amortization. So first thing you see if you check out this company is that they lose a lot of money. EPS on the SI quote page is -5.20 siliconinvestor.com I'm down myself 40% on gnet, on paper. I feel bad too. But I bought the stock based on its potential. I still see that management is doing a good job, so my confidence is OK. Until May 16 trading will remain nervous. Regards, Pareto

To: tahoe_bound who wrote (18596)	4/23/2000 2:22:00 PM
From: Susan G	Read Replies (1) \| Respond to of 28311

The New York Times seems to know who we are.... A mention of both go2net and Silicon Investor in today's Sunday New York Times. And the first is on Page 12 of section 1, A great placement on the National Report Page. "Dot-Com Leaders Await a Shakeout of Losers" But Many Say It Won't Happen To Them The first paragraph talks about Drugstore.com and the second paragraph starts: John Keister, the president and co-founder of Go2Net in Seattle, a network of Web sites, said a stock market shakeout would be "a very healthy thing" for the industry. "Not everyone should be a winner here" he added. This last quote is large and highlighted in the article. And then on page 8 of the Business section, in an article titled "The Making of a Market Bubble: Spreading the Blame Around" One of the very last paragraphs about spreading the blame discusses how daytraders are ar fault (oh yeah, blame it on us hundreds of share lot daytraders not the big boys dumping thousands of shares at a time after upgrading to STRONG BUY target the moon) Not to Mention Day Traders If any one group played the most public role in fueling the Web frenzy, it was day traders and other online investors, many of them congregating in Internet chat rooms like Silicon Investor and Raging Bull. They could sometimes inflate and burst bubbles in a single day. It then goes on to highlight a few tout like posts about the Autobytel.com IPO, without identifying where they came from. And no mention of the Yahoo board for once when talking about "Hot Internet Chat Rooms". Having read the New York Times almost daily since I was a teenager, I've come to respect them more than any other newspaper in the world. So it's nice to see they not only know who we are but have taken real notice - enough to mention us twice in one issue by two different writers. I think you need to sign up for a free access to read these online. nytimes.com nytimes.com