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

To: Pareto who wrote (18601)	4/21/2000 5:23:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

Sorry Pareto... comparing GNET with ETYS is comparing apples and oranges. You have to compare GNET with the other profitable web portals, YHOO and AOL, both of which are FAR bigger than GNET and should be showing slower growth rates (and thus lower stock price growth rates). siliconinvestor.com And neither is having GS as your investment bank a sure sign of success either. In fact, the Japanese govt is apparently seeking to prevent GS from participating in a Japanese telecommunication's deal due to its participation in the World Online scandal. Apparently, this dutch online company's chairwoman arranged to sell millions of shares of her stock IN ADVANCE of the company's IPO and at a far lower price than the stock began public trading at. AGENCE FRANCE PRESSE: JAPAN MAY BAR GOLDMAN SACHS FROM LUCRATIVE NTT SHARE OFFER 82% match; Agence France Presse Intl. (AFM) ; 20-Apr-2000 12:00:00 am ; 531 words US investment banking giant Goldman Sachs Thursday was facing a ban from a lucrative Japanese government share deal over its role in disgraced Dutch Internet company World Online's flotation. The finance ministry last week demanded Goldman Sachs clarify its role in the World Online offer after it was revealed that the firm's chairwoman sold most of her 9.5-percent stake before its offer in March, an official said. News of the transaction by chairwoman Nina Brink, who has since left the company, has been met with demands for damages from investors against World Online, Goldman Sachs and the flotation's other coordinating bank, ABN Amro. "We want to know what was Goldman Sachs' role in this," the finance ministry official said. The bank could be barred from helping to coordinate the next sale of a tranche of state-held shares in Nippon Telegraph and Telephone Corp. (NTT) if its World Online involvement was shown to be "inappropriate," he said. "We would like to know the truth and depending on the findings, we will decide whether to ask them again to coordinate the selling of NTT shares." globalarchive.ft.com And then we have only to look at how "well" GS has supported CHTR's IPO last December. Again, the only reason I even think the analyst coverage is an issue is because for Russell to carry out an agressive acquisition campaign, GNET very much requires active support from the street (or the daytraders channel... :0) to support and protect their stock valuation from the arbitrageurs who short the acquiring companies. And that dilutes the value of our GNET shares, placing them under all that much more pressure. Regards, Ron