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

To: Sarkie who wrote (21718)	10/13/2000 1:36:06 PM
From: bosquedog	Read Replies (1) \| Respond to of 28311

If this was a tax free exchange, the tax basis will carryover.

To: Sarkie who wrote (21718)	10/13/2000 1:43:36 PM
From: silversoldier a/k/a SI Sy	Read Replies (2) \| Respond to of 28311

Sarkie, I believe my formula to be correct, but I am not refiguring cost basis of GNET shares based on INSP prices. I am doing so on GNET prices. For example, if one purchased 100 shares of GNET at $50, the total cost of those shares is $5000. (I am not including commissions, etc. in this example, but, of course, they are to be included in total cost of purchase). Then, divide the $5000 by 182 (the number of INSP shares received for the 100 shares of GNET). This process yields the cost basis of an INSP share...$27.4725...I am open to comment and correction, as arithmetic is beyond my meager geezer talents. Sy

To: Sarkie who wrote (21718)	10/13/2000 1:51:28 PM
From: silversoldier a/k/a SI Sy	Respond to of 28311

Sarkie, in connection with bosquedog's response, I should add that the prospectus advised that this is a tax free exchange. Moreover, to determine whether a sale of the converted shares is a long or short term taxable event, I believe that the date of purchase of the GNET shares governs. Again, the usual geezer disclaimer. Sy