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

To: Robert Rose who wrote (21911)10/23/2000 10:04:43 AM
From: Killswitch  Read Replies (1) | Respond to of 28311
 
I don't see anything particularly different about the INSP decline vs. other stocks... I think there were a lot of funds holding a lot of shares in this thing, and they finally bailed over the last 2 months. What's funny is that a lot of them will be buying it back on the way up :-)



To: Robert Rose who wrote (21911)10/23/2000 11:15:38 AM
From: Bob Kim  Read Replies (2) | Respond to of 28311
 
Rob,

ML's looking for combined 53.6 mil for the quarter with upside of 5-10% and $360.5 mil in 2001. Given that ML represented GNET they probably know something.

Interesting excerpt:

"The stock has suffered from outsize expectations for wireless, set earlier this year."

Guess who was pushing those expectations and big price targets? ML.

FYI, ML analysts have been told to better reflect reality in their research.


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