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


To: Puck who wrote (22117)11/1/2000 1:15:37 AM
From: 100gees  Read Replies (1) | Respond to of 28311
 
Just received an email invitation to try out the new games.com preview site. Went in for a quick look and checked out MissleCommand, Asteroids, Battleship, Scrabble, and Monopoly...some observations:

-fun look and feel to the site
-very easy to use and intuitive
-about 20 different games in all
-chat within multi-player games
-high scores for arcade games
-place for "My Games" setup
-decent load times (on my DSL)
-games.com store coming soon

Overall impression was positive. Only problem came when I tried to send some feedback and it just hung...At any rate, this should be a big hit once it's released. Anyone else get a chance to check it out?

-100gees



To: Puck who wrote (22117)11/1/2000 1:31:10 AM
From: Sr K  Read Replies (2) | Respond to of 28311
 
We'll see. The unconverted preferred is a claim prior to common shareholders. If INSP really had free cash flow or even projected free cash flow, the story would be different.

The brokers who were pushing INSP to me at 42 ... 45 ... 48 disappeared into the woodwork. Anyone who bought the story more than a few weeks ago has gotten hurt, and for the stock to move significantly past 25 or so will take new buyers. Where will they come from? There are now good story stocks with real cash flow and strengthening market positions, many of which were up 6% or more today. I see INSP's buy of GNET as a way to bring improved reality to the INSP picture, but the beneficiaries are not the former GNET holders. Or the recent INSP buyers.

What it did was bring a higher likelihood of INSP surviving until cash flow turns positive. Who does that benefit most? Who was motivated by conservative concerns?

BTW, how much cash did GNET generate from operations in its last full quarter? 12 months?



To: Puck who wrote (22117)11/1/2000 4:42:20 AM
From: sandintoes  Respond to of 28311
 
I'm not an accountant, but I do know that GNET had "cash on hand" when the merger took place. What or how INSP reported it in last quarters earnings, I really don't know, and probably wouldn't understand if someone explained it to me.

The only thing I've learned about financing is what I know from my own checking account. When you get to "0" stop!