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

To: David Howe who wrote (23197)	1/10/2001 4:43:42 PM
From: The O	Read Replies (2) \| Respond to of 28311

Market Report -- Story Stocks (INSP) January 10, 2001 2:32:00 PM ET Infospace (INSP) 8 1/2 +7/8: Infospace is one of those former high-flying Net stocks that saw its share price destroyed in the latter half of 2000... At today's price the stock is 94% below its 52-wk high... Unlike many ecommerce companies, however, INSP continued to deliver solid results throughout the entire sell-off -- underscoring that the Net decline was largely about bringing prices and operating fundamentals back in line... The question investors need to ask now when looking at INSP is whether that objective has been established... Is the stock (at least) reasonably priced given its near- and long-term growth prospects? Briefing.com's answer is an unequivocal - maybe... At106x and 65x estimated FY00 and FY01 earnings, the stock still isn't what you would call "cheap." It's price to sales ratio is also higher than its peers and the market... And the stock's technicals remain weak, as INSP trades below its long-term moving averages and has yet to break above trendline resistance... While these factors suggest that there is no hurry to get into INSP at current levels, Briefing.com is impressed by the way INSP navigated its way through an extremely difficult period for its industry with nary a scratch (operationally) - no earnings warnings, no earnings misses... To the contrary, INSP routinely delivered much better than expected results... It also established some pretty impressive partnerships (American Express, Lucent, Powertel, Nortel Networks, etc), and continued to make strategic acquisitions -- the most recent being it purchase of Locus Dialogue Inc., a developer of speech recognition-enabled applications... Finally, INSP is well positioned to exploit the dynamic growth of the wireless Internet... INSP has survived the washout in the Net sector, and while it may not be a short-term buy at current levels, it is a stock that aggressive growth investors might want to consider gobbling up on a dip back to the 7 to 6 1/2 range... Briefing.com sees long-term upside (18- to 24-months), assuming the company continues to hit its numbers, to the 15-18 area. -- Robert Walberg, Briefing.com Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants.