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

To: levy who wrote (19299)	5/24/2000 8:10:00 AM
From: HO-MEE	Read Replies (2) \| Respond to of 28311

levy my main man, According to Bloomberg, GNET is 24.58% owned by institutions, I can tell you as a fact that Fidelity has increased its position dramatically over the past 2 weeks as they have been a HUGE buyer virtually every day. I can also tell you that based on the HUGE Instinet selling that has pushed the price of our beloved GNET down SOOOOOOOOOOO much recently that some of those top names on the link you have provided have lightened up or sold their position entirely. What we all have to remember is that if there is a shakeup at a fund, the new manager generally will start fresh with his own picks as the prior performance has NO effect on his. In regards to NDB, this deal done at $45.31 it is the completion of a previously announced transaction. In fact, NDB'S management took a lot of heat for not doing the Deutsche investment at a HIGHER price. Deutsche bought 3 million shares and based on the float, trading vol. of NDB, it would not be easy to purchase 3 million shares in the open market.In addition, these deals are done on a friendly basis, Deutsche WOULD NOT (generally) buy a bunch of stock in the open market unless there was a mutual agreement.Deutsche made the investment to gain access to the internet side of the market. Regards...........