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


To: brk who wrote (20091)7/18/2000 8:17:00 AM
From: sandintoes  Respond to of 28311
 
<font color=green>300% in Q3 is a nice showing!

cbs.marketwatch.com

Go2Net sales surge 300% in Q3

By Debra McGarry, CBS Marketwatch
Last Update: 5:12 PM ET Jul 17, 2000 NewsWatch
Latest headlines

SEATTLE, WA (CBS.MW) -- Go2Net posted better-than-expected earnings in the fiscal third quarter on stellar sales, the company announced after the market closing on Monday.

Go2Net (GNET: news, msgs) recorded pro forma earnings of $10 million, or 22 cents a share, compared with $3 million, or 7 cents, in the same quarter a year earlier. Analysts polled by First Call projected a profit of 17 cents a share.

Sales shot up 300 percent to $23 million from last year's $5.7 million.

"Go2Net is uniquely positioned to capitalize on the dramatic growth of broadband," said Russell C. Horowitz, Go2Net Chairman and CEO.

The stock closed up 4 1/4, or 8 percent, at 58 in the regular trading session. It added 2 7/8 to 60 7/8 in the after-hours session. The company offers a network of branded, technology and community driven Web sites.



To: brk who wrote (20091)7/18/2000 8:18:46 AM
From: The O  Read Replies (1) | Respond to of 28311
 
Bloomberg just reported on its ticker that Go2net's 3rd quarter loss widens on aquisition costs. What's the deal??
WHY CAN'T THEY GET THIS RIGHT!!

O