Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave Krishna who wrote (22876)	12/19/2000 10:41:14 PM
From: KeepItSimple	Respond to of 28311

>Someone please remind me what we gained with the Infospace merger. You poor, poor soul. You want to know the most probable reason for the merger? GNET had a ton of cold hard cash sitting in the bank, and Infospace was running low. If INSP were to go bankrupt, then Naveen wouldn't have been able to sell roughly 1 billion dollars of INSP stock this year. It was the old bait and switch. GNET's only purpose was to keep the game going a little longer. INSP will be a penny stock within a month. And it will STILL be overvalued.

To: Dave Krishna who wrote (22876)	12/19/2000 11:48:48 PM
From: RSH	Read Replies (1) \| Respond to of 28311

DK: Have you ever considered that maybe your "beloved GNET" caused the recent decline of INSP? Forget the past. INSP and GNET are in this decline together. Therefore, they will rise together when their fundamentals prove to be viable. It's futile placing blame on INSP or GNET. INSP's business plan is solid and they have their hand in EVERYTHING. If GNET is so great, they will continue to be great as a part of INSP. Patience is a virtue concerning INSP. RSH

To: Dave Krishna who wrote (22876)	12/20/2000 12:48:27 AM
From: Doug Fowler	Read Replies (3) \| Respond to of 28311

What we gained is an arrogant CEO who has PUBLICLY STATED his company will be the first to reach one trillion dollars in market cap. He should stop his bragging ways and RESIGN in SHAME for decimating our investment in his CRAPPY company while collecting hundreds of millions of dollars for his own personal pocketbook along the way. I don't CARE if he now owns the Silicon Investor board. I invested in GNET, and how Russell Horowitz (whom I formerly respected), could have been so gullible to buy this megalomaniac's story is BEYOND me. Fortunately, my loss here has been under $10,000, but I also should kick myself in the behind.