Carolyn, I wasn't trying to get a grub!
Honestly! Every time I tried to send that post by hitting "Publish Message," I would get a dialogue box that said: "Sorry, and internal error has occurred...We apologize for the inconveniece...Thank you again for your patience and assistance. And thanks for using Silicon Investor"!
After three trys, I logged off and went back to my day job of woodcarving...with Sarkie. I wasn't able to get back into SI for over 24 hrs.
My favorite quote from Russ this week (regarding the INSP earnings report) was (10/25): "As InfoSpace continues to aggressively expand to leverage the many opportunities in front of us, we will maintain high standards of fiscal discipline, to ensure that all of our activities are contributing to the success of our business, and to the creation of a sustainable shareholder value."
My second favorite quote this week was (10/25):
"InfoSpace Inc. Reiterated 'Strong Buy' by analysts Stephen H Sigmond and Tonia Lee, at Dain Rauscher Wessels. The (12 month) price target is $83 per share."
My third favorite comment came out today:
First Security Van Kasper Initiating Coverage on InfoSpace, Inc.With Buy Rating
SAN FRANCISCO, Oct. 27 /PRNewswire/ -- The following is being issued by First Security Van Kasper, a member of the National Association of Securities Dealers, CRD number 7665:
Jennifer Jordan, Internet analyst at FS Van Kasper, is initiating coverage on InfoSpace, Inc. (Nasdaq: INSP) ($20 11/16) with a Buy rating and a near-term price target of $32.
Below are direct quotations from Ms. Jordan's initiation report:
-- We are initiating coverage on InfoSpace, Inc. with a Buy rating and a near-term price target of $32. Founded in April 1996, InfoSpace is an international information infrastructure services company. InfoSpace has four major, inter-related platform service businesses: wireless, wireline, merchant, and broadband. The company provides commerce, information and communication infrastructure services. The company currently dominates the market for wireless Internet platform services, having signed 88% of the current wireless carriers.
-- We believe that management has demonstrated the ability to execute ahead of expectations across all segments of its business. In particular, we are excited about powerful consumer trends that are driving the growth of the company's domestic and international wireless services effort and the depth of its penetration among wireless carriers.
-- Through its recent merger with Go2Net, Inc., InfoSpace will offer private-labeled broadband wired (DSL and cable) and broadband wireless (2.5G and 3G) services such as interactive gaming, television and other entertainment services. This would make InfoSpace the first company to offer Internet infrastructure services across all major delivery platforms and devices.
-- Based on the diversity and strength of InfoSpace's product offerings and the extremely rapid growth that is anticipated in the targeted wireless Internet market, we assign the company's shares a premium price-to-sales multiple relative to its peers. While the peer group is currently trading at 26x CY01 sales estimates, we think that InfoSpace has the potential to trade at 30x our CY01 sales estimate of $360.7 million, which gives us a near-term price target of about $32.
First Security(R) Van Kasper is a private brokerage and investment banking firm. Since its founding in 1978 as Van Kasper & Company, the firm has been providing exceptional services and original investment advice to a select group of investors and businesses. The firm's offices are located in San Francisco, Fresno, Los Angeles, San Diego, Newport Beach, San Jose, Sacramento, and Walnut Creek, California, as well as Phoenix, Arizona and New York City, New York.
Investments made through First Security Van Kasper: (1) are not insured by the FDIC; (2) are not deposits or other obligations of, or guaranteed by FSVK, First Security Bank or any of its affiliates; (3) are not guaranteed by any Federal governmental agency (excluding U.S. Government and federal agency securities); (4) and are subject to investment risks, including possible loss of principal amount invested.
The study on these pages is not a complete analysis of every material fact regarding any company, industry or security. The opinions expressed herein reflect the judgment of the author at this date and are subject to change without notice. Facts have been obtained from sources considered reliable, but are not guaranteed. First Security Van Kasper, its directors and employees and their families may have a position in the securities of the companies described herein, and may make purchases or sales while this report is in circulation. Additional information is available upon request.
SOURCE First Security Van Kasper
10/27/2000 09:23 EDT prnewswire.com
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I hope by "near term" they mean...next week! <g>
Roger :) |
