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

To: HO-MEE who wrote (20580)	8/5/2000 1:19:58 PM
From: Sarkie	Respond to of 28311

LOLOL!!!

To: HO-MEE who wrote (20580)	8/5/2000 1:34:43 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

Ho-Mee, I'm not calling Russell an idiot. And I'm sure that no one believed that INSP's stock would be crushed in the manner that it has. They are making a business decision, that if all goes as planned, will provide a long-term relationship with what is considered a "blue-chip" wireless play. I have no problem with that on a fundamental basis as I think it is smart. All that I have stated is that timing was wrong given the traditional lethargy we see in the overall market during August. Furthermore, there is the fact that all the positive news that INSP had to relate about their better than expected earnings was suddenly nullified by their co-announcement that they were acquiring GNET, a relatively unknown company, sending the stock plunging through its April lows and major support level. Russell and Jain had been discussing a merger for several years now and it was only IN JUNE, when Sarin put it on the fast track at the beginning of July, that this was put into concrete. All that I have asked is "why the hurry"? If I can't ask those questions then we're limiting the discussion to nothing but hype and cheerleading. Anyway, it's a moot point now since the deal is done and the penalty far too expensive to pay to delay or nix it. But you can ask yourself whether this deal, as structured, was the kind of deal that YOU would enter into when your company is obviously showing better results than the company that wants to acquire you. I just think some folks miscalculated the strategy and the repercussions, or were deceived by their perceptions of the street's willingness to accept this deal at THIS particular moment. Regards, Ron

To: HO-MEE who wrote (20580)	8/6/2000 1:46:48 AM
From: KLP	Read Replies (1) \| Respond to of 28311

HO-MEE...There you go, working 24/7 for many too many days/weeks in a row....! I'm sure everyone here knows you had your tongue in cheek with this post...(and perhaps a hackle or two raised too.... :D) My guess is that most everyone on this board who is a long, wouldn't be here as a long if it were NOT for Russell and the leadership he has shown with this company! I would also guess that many of us have stock in at least one, if not several other companies in which Paul Allen has invested. We know there is little or no PR forthcoming for many of them. That can be good, and that can be bad, especially in this Internet era. I'd also venture to say that if we didn't have questions and more questions about this merger, certainly in the first few days, then this board wouldn't be worth the powder to blow it to Heck.... While not following the discussion on the AOL/TW deal, my guess is that there were many many surprises with that one too! In fact, I would venture to think that the entire business community has had, and is continuing to have issues to be discussed. What with the market decline, both NAS and DOW, the interest rates rising, the Fed excited that the economy is slowing, (only in America can we think that is a temporary good thing....) here again, I think every GNET holder would be remiss not to even ask, or try to find out, what this meant to each of us. As Carolyn said, there have been mergers, and potential mergers that haven't gone well. Most of us that have followed GNET for some time, and have had the great pleasure to meet and talk with Russell, KNOW that the "Best is Yet to Come!" However, it is my belief that most of us will be following INSP carefully... Thanks again for the input you provide here on this GNET board...! KLP