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

To: playavermont who wrote (18979)	5/10/2000 8:29:00 AM
From: sandintoes	Read Replies (1) \| Respond to of 28311

An interesting article on games, and how GNET might fit into the puzzle. cnetinvestor.com Sony Expected to Discuss U.S. Plans for PlayStation 2 at E3 5/8/00 10:24:00 AM Source: Bloomberg News Los Angeles, May 8 (Bloomberg) -- Video game fans anxiously awaiting the U.S. arrival of Sony Corp.'s new PlayStation 2 should have many of their questions answered at the game industry's annual confab this week. The successor to Sony's best-selling PlayStation was introduced to much fanfare in Tokyo on March 4 and has sold an estimated 2 million units. The device is the linchpin of Sony's plan to link consumers with online games, music, movies, shopping, banking and other activities. Gamers, retailers and software publishers alike are well aware of the potential popularity of the PlayStation 2. They are now looking for Sony to fill in the outlines with information such as the introduction date, the price of the device and how many units will be available. Sony is expected to discuss its plans for North America on Wednesday in Los Angeles at the Electronic Entertainment Expo, also known as E3. ''What people are looking for are a whole lot of details that are involved with the PlayStation 2,'' said Dan DeMatteo, the president of video game retailer Babbage's Etc., a unit of Barnes & Noble Inc. Sony will unveil plans to include a hard drive for storing data and a modem for connecting to the Internet, two features not yet available in Japan, a Sony executive who declined to be named told Bloomberg News last month. Sony's plans to market the PlayStation while simultaneously introducing its successor will also be closely monitored, DeMatteo said. Rival Nintendo Co.'s N64 sales rose 7 percent in the first quarter while PlayStation sales fell 7 percent in part on lack of supply, according to PC Data Inc. Observers are also eager to sample the first crop of games that will be introduced when the PlayStation 2 is introduced. The PlayStation 2, expected to go on sale around Oct. 1 for about $300, comes as companies focus more attention than ever on the growth potential of the video games market. Microsoft Corp. said earlier this year it will challenge Sony with a console called the X-Box, scheduled for release in the second half of 2001. Traditional nemesis Nintendo also plans to introduce a new console next year. Even with the competition, Sony is seen as the favorite to retain its preeminence thanks in part to superior technology and support from video-game publishers such as No. 1 Electronic Arts Inc., which plans to release as many as 16 titles for the PlayStation 2 in the next year. The PlayStation 2 features advanced graphics and can play games made for the original PlayStation as well as DVD movies. ''It's theirs to lose,'' said Edward Williams, an analyst with Gerard Klauer Mattison. ''As long as the console can deliver than it should do very well.'' With all the enthusiasm for the PlayStation 2, consumers are expected to spend less on video games this year as they wait for the new console, driving total sales of entertainment software in the U.S. and Europe down 5 percent to $7.71 billion from $8.14 billion in 1999, U.S. Bancorp Piper Jaffray analyst Tony Gikas recently estimated. Shares have plunged by more than a third at many video-game publishers this year on the outlook for slower sales and diminished profits or increased losses. Electronic Arts has fallen 29 percent, THQ Inc. has slipped 33 percent, Acclaim Entertainment Inc. and Activision Inc. have both decreased about 50 percent and Midway Games Inc. has dropped 68 percent. ''It's been brutal,'' said Joe Spiegel, an analyst with Spinner Asset Management. ''Even companies that have had good results are getting no respect.'' Patient investors should see stocks revive within a year as sales rebound with the introduction of the PlayStation 2 and online games, ING Barings analyst James Lin said. The Internet will also be in the spotlight at the Expo, also known as E3, Lin said. America Online Inc. President Bob Pittman is expected to demonstrate the fruits of an alliance with Electronic Arts in a speech Thursday. Electronic Arts gained the exclusive rights to provide online games to AOL for five years starting April 1 and is expected to unveil products by the end of August. Hasbro Inc. will also exhibit its Games.com Web site which it is developing with Internet directory Go2Net Inc. and Sega Enterprises Ltd. will discuss online games scheduled for release by year's end for play on its No. 3 Dreamcast console. ''It could bring the Internet back to the forefront of entertainment software,'' Lin said. More than 450 companies will exhibit products at the sixth annual E3, with 2,400 software titles expected to be introduced. The show, open only to ''industry professionals,'' runs Wednesday through Saturday. About 55,000 attended last year.

To: playavermont who wrote (18979)	5/10/2000 10:13:00 AM
From: Sarkie	Read Replies (1) \| Respond to of 28311

PV, I truly believe each of of has the right to comment on things as they see them. Heaven knows we all have different opinions. But you are just downright NASTY!

To: playavermont who wrote (18979)	5/10/2000 11:27:00 AM
From: Crystal ball	Read Replies (1) \| Respond to of 28311

GNET rock bottom=$16 3/8 (IPO 8=2 now, so:(2+2+45PA)/=$16.33 Officers/Insiders sold after lockup to PA (Paul Allen Support Level of) $45 over one year ago for a total of $126 Million in their pockets...(Lucky Russ) RH etc <Now wouldn't it look like a bargain to them now to buy in? <I mean here it is a year later and the revenue <run rate is $49 Million versus $10 Million a year ago <and they are soooo profitable... <They are going to have about $80 Million in revenue <this year with 30% net operating margins versus $22 <Million with 12% operating margins last year... Russ is smart going with a directorship to National Discount Brokers....at least they all made money off of GNET...and us. If GNET has ANY LEADERS they would SUPPORT the stock by announcing a BUY BACK to support the stock at least above PA (Paul Allen's) support level of $45 (which was $90 pre-split I remember it well, having predicted that dip to $90 before it bounced back to the all time high, and then split). I am, Truly your$, -Crystal Ball