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

To: HO-MEE who wrote (20376)	7/27/2000 3:03:20 PM
From: jon zachary	Read Replies (4) \| Respond to of 28311

I am definately voting yes for this transaction as well. I loved Infospace and Go2net before this happened. Now, as one, the possibilities are endless. It isn't the dollar figure attached to it. Remember Mark Haines couldn't understand why Go2net sold to Paul Allen at such a discount ? Well, they would not be where they are today if they did not get the cash from his investment or the multiple investments, partnerships, agreements they have made together. This situation is similar, together these two companies are focused on the next generation of internet access, wireless, broadband, etc... The services they both offer cover every type of access out there. Before both companies were limited to Wireless or Broadband/narrowband to a certain extent. Also, INSP has international penetration which Go2net has not even touched. They both have similar balance sheets and plenty of cash on hand. Infospace is about to turn profitable. I don't care what premium they paid for Go2net. I am very happy to be an owner of this company that will potentially do to Wrieless devices and broadband what Microsoft did to computers in the 1970's. It wasn't the pc that was a clincher for consumers until the "killer ap's" or the software came out. It isn't that Qualcomm, Nokia, Ericcson do something much different in making there devices, it is the content that will be provided through there wireless devices. Infospace is leading the way on that front and it has not even hit yet. If you really stop and think about what this company could do together in the next three to five years, it is truly staggering. I am very happy about this and will not sell one share of Go2net... jZ...long and strong baby !!!

To: HO-MEE who wrote (20376)	7/27/2000 3:13:47 PM
From: Hawkmoon	Respond to of 28311

RON.......EVERY internet stock is selling for less than their previous high......... That because almost every other internet company has twice to three times as many shares outstanding as GNET, while GNET has consistently been undervalued to their competitors. INSP, at its high of $138 commanded a $31 BILLION market cap, while GNET at its high of $111 only was able to muster a measly $3.4 Billion. $3.4 Billion dollars for a company that is profitable, has GREAT margins, consistently ranks in the upper tiers of Media Metrix net ratings, owns a transaction based money machine called Authorize.net... etc, etc, etc.. GNET was NO WHERE NEARLY as overvalued as its sky-high, street backed brethren. We all recognized this fact and that has been one of the reasons that we have loyally held onto this stock in our portfolios. They should clearly have announced a partnership between one another, and then tested the waters before announcing the merger later this fall when the market would be more inclined to support their respective stocks. I just don't see what conceivably could have been so urgent that they felt they had to announce this now, which traditionally has been a cyclical market top, rather than waiting until later this fall. Sorry... while I think long-term the marriage of these two companies will be tremendous, I just completely disagree as to the timing. And given the price of INSP stock, I believe I'm not the only one. Btw, nothing I'm saying makes difference now since the damage has already been done to INSP's stock price and I don't believe it will break far below $35/share triple support. And neither do I believe that INSP is overpaying for GNET, especially when we have similar revenue streams and 6 quarters of blow-out earnings to fall back on, all of which was accomplished with VERY LITTLE advertising. INSP is acquiring a company that is more successful, and operated more efficiently than themselves. INSP shareholders should be VERY pleased that their earnings picture will be improved on the cheap because of this acquisition. Regards, Ron