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

To: levy who wrote (20269)	7/26/2000 6:34:03 PM
From: AugustWest	Read Replies (1) \| Respond to of 28311

...how long do you suppose it will take for this deal to close?... InfoSpace to Buy Go2Net in $4 Billion Stock Swap PALO ALTO, Calif. (Reuters) - InfoSpace Inc. (NasdaqNM:INSP - news), a provider of online infrastructure and services to businesses, on Wednesday agreed to buy Go2Net Inc., giving InfoSpace a combined base of nearly 2 million merchants, in a transaction valued at about $4.02 billion. InfoSpace said that under the deal, expected to close in the fourth quarter, it will issue 1.82 of its own shares for each Go2Net (NasdaqNM:GNET - news) share. As of July 17, when it reported third-quarter earnings, Go2Net had 46.2 million shares outstanding. The deal values each Go2Net share at $86.91, a 43-percent premium to Go2Net's closing price on Wednesday of 60-9/116 on the Nasdaq, where it fell 1-9/16. InfoSpace stock rose 1-7/16 to 47-3/4 on the Nasdaq. Separately, InfoSpace reported a far-narrower-than-expected pro forma loss of $3.3 million, or a penny a share, compared with a year-ago pro forma loss of $4.30 million, or 2 cents a share. Sales more than tripled to $24.6 million from $6.98 million. On that basis, Wall Street had expected the company to lose 6 cents a share in the quarter, according to consensus analyst estimates compiled by First Call/Thomson Financial, which tracks such forecasts ~~~~~~~~~~~~~ where is insp trading?... Little over $40 right now.

To: levy who wrote (20269)	7/26/2000 6:58:25 PM
From: HO-MEE	Read Replies (1) \| Respond to of 28311

levy, Gnet is trading at $68/share, this will help everyone to follow stocks pre and post-market hours.http://www.isld.com/BookViewer/javaversion.htm Hers are my thoughts.....Insp is a screaming buy in the morning.Right now, Insp is trading -7 pts even though they beat the street and whisper #'s after the close. Insp is doing what virtually ALL acquiring companies do in a merger, initially go down. Gnet and INSP are an absolute marriage made in heaven. I bought INSP in the aftermarket at $ 40 1/2 and will buy a lot in the morning. Good luck to all the GNET faithful, remember that INSP was $60 1 month ago.....$60 x 1.82= $108+ This is a marriage of broadband and wireless, it solves our problem of lack of coverage(every analyst covers INSP ). To answer your final question levy my man, the deal is expected to close in the 4th quarter

To: levy who wrote (20269)	7/26/2000 7:14:13 PM
From: Roger Sherman	Read Replies (2) \| Respond to of 28311

So our beloved Russ will be the new President of INSP! Levy, I just can't believe it. Funny thing is, this past month I sold some real estate, and dumped it all into just two companies (GNET and INSP), on their recent dips. IMVHO, this "merger" will create a absolute "monster" company in the years to come, and dominate player in the areas of Wireless, Broadband, Merchant Services, and Consumer Services. Don't forget, this deal will make Paul Allen (including his Vulcan Ventures and CHTR) now a major partner (and major shareholder) of INSP. And levy, just think how "rare" your world-famous "Trillionaire" button is now! <g> I guess they'll have to change the new Go2Net logo down at their new Pier 70 offices, even before they got a chance to move in. I must admit to being more than a little sad at someone actually "buying" my beloved company. Roger #49 (a little "spaced-out" with "info" at the moment) PS. "InfospaceTrillionaires" somehow just doesn't have the same ring to it. Sort of like losing an old friend, or "marrying" into a new strange unknown family.