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

To: The O who wrote (21635)	10/11/2000 6:37:15 PM
From: KLP	Respond to of 28311

Thanks O....good article, and it certainly is nice to see something positive...! Just because sometimes things 'disappear', I'm going to cc the article here....Will be interesting to see what happens....(how's that for an understatement?) Good Wishes Everyone, KLP Technical Analysis: InfoSpace Hits Bottom, Creates Buyer's Opportunity Toronto, ONT, October 11 /SHfn/ -- Blame general market weakness, arbitrage and a slowdown in new customers at Sprint PCS [PCS] for the relentless selling of InfoSpace [INSP] shares, currently priced at $22. However, once InfoSpace's merger with Go2Net [GNET] is completed on October 12, things should get back to normal. Technical indicators reveal that InfoSpace's stock price has reached a bottom, and analysts remain bullish on the company and its sector. InfoSpace provides global infrastructure services for Web sites, merchants and wireless devices. INSP provides services to approximately 16% of the U.S. merchants who sell online, reaches 88% of wireless subscribers, and offers "the tools of one-click purchasing, location-based services and targeted promotions." Bear Stearns analyst Jeffrey Fieler believes in the company's mobile commerce strategy, stating that InfoSpace appears "to be positioned to be the enabler of m-commerce." In July, InfoSpace announced its acquisition of Go2Net. For every share of Go2Net, investors will receive 1.82 shares of INSP. As the market sold off recently, and spreads widened between Go2Net and InfoSpace, arbitragers stepped in to short InfoSpace and buy Go2Net to lock in an approximate 2% premium spread. Sprint PCS's recent announcement that it would sign up 100,000 fewer wireless subscribers than its forecast of 900,000 also sent many tech stocks lower. It is interesting to note that Sprint PCS is the only major wireless carrier that has not adopted InfoSpace as its content provider. A close look at technical indicators reveals that they seem to be lining up to mark a potential bottom for the stock price. The stock is trading at the lower, oversold Bollinger band and the stochastic indicator is extremely oversold. Further, a trend line indicates support at current levels, and Monday's sell off to $19-7/8 marks a potential spike bottom. The sell off in shares of Infospace has given investors a low-cost opportunity to participate in the wireless revolution. A recent StockHouse article suggested a one-month price target of $53. Although the target price remains the same, the timing may stretch out to a one- to three-month range, given general market weakness. Fieler is even more bullish. In a recent report, he suggests a conservative 12-month price target of $80. In a conversation on October 6, Fieler reaffirmed his view, stating, "Everything remains the same." Even more optimistically, Fieler believes InfoSpace's position in the wireless Internet marketplace and its "existing agreements to provide private-label portal services for $1-$2 per subscriber per month and certain expectations about adoption rates, could make it worth more than $150 per share today." In his report, Fieler applauds the merger, and believes the transaction will allow InfoSpace to "position itself across a fuller spectrum of Internet-enabled devices." Wireless Fund [WIREX] manager Jeff Provence believes that by 2002, over 75 million subscribers will access the Web using wireless devices, compared to only nine million last year. Given that analysts believe the wireless Internet sector will take off over the next few years, investors should take advantage of current market weakness to build a position in this Internet leader.

To: The O who wrote (21635)	10/11/2000 8:05:59 PM
From: levy	Read Replies (1) \| Respond to of 28311

Here is a similar job op description over at infospace Senior E-commerce Engineer Job Description: Research, design and develop networking software targeted to enhance company's e-commerce offerings. Specifically, analyze software requirements to determine feasibility; write high-level code; and complete the programming, debugging and testing of complex Internet capable networking software applications. Utilize COM. Minimum Requirements: 1) Master's Degree in Computer Science, EE, Math, Physics, or other engineering field, or the foreign degree equivalent;* and 2) One year of networking software experience including specific experience with COM. Ok lets see where do I want to work infospace or go2net? Can you see the authors of these two job ops having their first meeting?........after the meeting....go2net guy says geez what a nerd.......infospace guy says geez what a nerd.