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

To: Charles W. Breaux, Jr. who wrote (23415)	1/22/2001 4:00:21 PM
From: Sarkie	Read Replies (3) \| Respond to of 28311

Russ was a 24/7 for GNET.

To: Charles W. Breaux, Jr. who wrote (23415)	1/22/2001 4:15:35 PM
From: faqsnlojiks	Read Replies (1) \| Respond to of 28311

Thanks for that. -Joe

To: Charles W. Breaux, Jr. who wrote (23415)	1/22/2001 4:22:07 PM
From: David Howe	Read Replies (2) \| Respond to of 28311

<< Jain said Horowitz's reduced role would "send a message" to InfoSpace employees that "there is one company, with one leadership." >> There's obviously been some internal tension at the company following the acquisition. There's also a good chance that many executives are not as happy at INSP as they thought they might be. This is undoubtedly mostly due to the internet bubble bursting sending most of their options far underwater. Why would these guys want to work at INSP when they have 1 million options with a strike price of $45? INSP going from $7 to $45 might be one heck of a good investment for those buying at this level, but it doesn't benefit the execs with options at $45. Jain probably resisted re-pricing options and didn't want to give out as many new options at these reduced prices. The financial reward was no longer there and so off they go. Russ was smart. He sold his business before the internet bubble had totally burst. He saw the writing on the wall and took the money and ran. Maybe he made the appearance of sticking around at first, but he's running now, whether that was his plan originally, or not. Things have changed, now the decision is clearer and he's walking out the door. Jain is still a hard working ambitious guy. He got INSP where it is today which is quite an accomplishment if you actually sit back and think about it. They are in an excellent position to prosper going forward. Jain might have decided that these other guys weren't seeing eye to eye with him, or maybe there were other frictions having to do with options, or work ethic, or whatever. The management team must have met on a number of occasions and then decided to split up. It's back to Jain in charge and I'm comfortable with it. He's aggressive and ambitious. I'm expecting INSP to go places, and drag the stock price with it, kicking and screaming its way higher. In my speculative opinion, Dave