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

To: Sarkie who wrote (22714)	12/11/2000 12:53:45 PM
From: Technologyguy	Respond to of 28311

I see very little downside risk at this point and am, for the first time, buying INSP. Long time posters will know that I was an early GNET long (#7). I'm now comfortable adding to my shares. ML's announcement was typical--downgrade after it has gone down. Gee, thanks. Big company analysts are useless--all they do is create temporary self-fulfilling prophesies--downgrade and it goes down, upgrade and the stock goes up.

To: Sarkie who wrote (22714)	12/11/2000 3:45:13 PM
From: Bob Kim	Respond to of 28311

Believing that InfoSpace (INSP) does not have the upside potential that some may be expecting, Merrill Lynch analysts Virginia Genereux and Henry Blodget today lowered the brokerage's intermediate-term rating on the Internet infrastructure company to "accumulate" from "buy." This is truly a crock because Merrill Lynch's research guidelines only require 20% upside (roughly $17 in this case from Friday's close) to qualify for a Buy rating. And based on today's action, the threshold would be even lower. In fact, the last published ML price target for INSP was $100. The analysts would only reference a best case $25 today and didn't come out with any official price target.