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

To: KLP who wrote (20368)	7/27/2000 2:30:03 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

Executives of both InfoSpace and Go2Net urged analysts and the investment community to consider the synergies of the combined companies An ounce of prevention saves a pound of cure. Now both companies are on the defensive in trying to justify this acquisition. INSP shareholders may rebel given the damage that they claim has been done to their stock, down from $138 or so, to $35/share. And GNET shareholders are likely to rebel because we're selling for less that what was a previous high for the stock. We all know that that INSP is getting a steal with GNET, but it is hard to convince others when they see themselves knocked back down to previous lows and threatening to go lower (which would be REALLY UGLY and cause a likely cancellation of this merger). I mean... where was Bill Fleckenstein in this negotiation? He's an arbitrageur/short seller and on GNET's BOD... He could have explained all these technical things to Russell and the INSP staff.. Regards, Ron

To: KLP who wrote (20368)	7/27/2000 3:02:10 PM
From: levy	Respond to of 28311

regarding this kind of downgrade "Safa Rashtchy, an analyst at U.S. Bancorp Piper Jaffray, downgraded InfoSpace to "buy" from "strong buy," citing concerns the combined companies may face integration challenges before reaping the rewards of broadband synergies. Moreover, the price tag was deemed a bit rich." Isn't this the guy who said his top pick was go2net?......too rich???? what???? This is the same guy who gave go2net some really high price target isn't it?.....he must have some gripe with his Indian brother.....and boy from what I have seen of those battles I wouldn't expect much support from Safa R anytime soon.