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

To: trouthead who wrote (19877)	7/7/2000 7:17:08 PM
From: silversoldier a/k/a SI Sy	Read Replies (1) \| Respond to of 28311

Good evening, jb, you cantankerous (not so old) Curmudgeon. Thank you for the initial edition of the Curmudgeonly Report. I believe you are correct in saying that GNET is in a sector that is experiencing a slowing growth rate. This factor certainly affected GNET's performance today. As you may be aware, the day began with a Deutsche Bank Alex Brown analyst's downgrading of Yahoo from strong buy to buy. Yahoo closed down 5 7/8 (4.8%)as a result. The analyst cited lower than expected revenue growth. She attributed this to Yahoo's reliance on banner advertising revenues generated primarily by dotcom advertisers. She anticipates a further diminution in advertising budgets of poorly performing dotcoms and concomitant reduced revenues for other IP's that depend upon that form of income. Here is a link to a news article summary of the analyst's concerns from Upside Today rd.yahoo.com*http://www.upside.com/Money/3966100f0_yahoo.html If Russ' remarks at the annual meeting still remain viable, I believe that GNET may be distinguishable from Yahoo and those other IPs. You may recall that he informed us that GNET would not be emphasizing advertising revenues in the future, yet he foresaw an increase in the percentage of profit margins over previous quarters and years. My recollection, which often is not quite accurate, is that he anticipated 35%, or more, starting the next quarter. When the quarterly report appears later this month we shall see. I continue to be confident that performance will match promise. Nevertheless, patience is the watchword. I agree it may take a few more quarters before GNET's performance and business model translate to increased share values... speaking of which, today we almost reached the magic number for me to buy you a six pack of Wolaver Ale. Sy Y