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

To: The O who wrote (23449)	1/22/2001 9:18:26 PM
From: TH	Respond to of 28311

The O, Agree. I am not sure about the bottom line impact of the MSFT deal. It seems to be a future revenue event and will probably not get much attention from the street right now. As you know, MSFT does a lot of things, and some of them work, and some don't. It will be worth watching to see what actually does develop. I actually think that PR was totally wasted. Its "damned if you do and if you don't". If they released it Friday and then dropped this bomb today, then investors would cry foul. Do it tomorrow and it looks desperate. I'm not an expert, but if they would just release good news, and only good news, everyday, then all would be well-g- I hope there is something brewing. I think Jain is a clever guy. If he really is as smart as he thinks he is, then at some point he will recognize that it is he that must conform to the will of the street, and not the other way around. Otherwise we can just sell and let him flounder. Somehow I still have a positive impression of this one. Wireless is going to be huge, and who else is ready to get this piece of the pie? HAGO TH

To: The O who wrote (23449)	1/22/2001 10:03:09 PM
From: Dr. Zax	Respond to of 28311

Hi Folks, GNET long #10 checking out. It is a bittersweet moment to see todays turn of events. Bitter for obvious reasons that the stock is down, GNET is now truly history, Russ no longer has much of a say in the company. Sweet because I managed to sell out of my 36 remaining sentimental shares last week at 9 1/2. I never did understand how they figured that the cultures of these two companies would fit together. INSP seemed to be run by a go-get-em egocentric maniac, and GNET was run by a humble build it carefully and correctly from the ground up goodguy. From the top down these two companies were going to clash with each other. I could just imagine board meetings with these two cultures fighting about whether to spend money they didn't have or save and make that profit. My guess is that the way these companies are structured INSP hired people like Jain and GNET hired people like RUSS. I was trying to convince myself for a long time that the main reason INSP purchased GNET (and they did purchase them even though they accounted for it as a merger) was for GNET's management and subtle street expertise. It is now clear INSP didn't even see how good GNET's management was at that. Each were good in their own way, and there is no way these two ways could have meshed..... one or the other had to go. Unfortunately for shareholders, it was Russ that had to go.... so the ego-maniac could continue pulling apart the company piece by piece. As I look down the road I see a couple possibilities. All of them start off with a bad quarter, they will blame it on the old management structure and tell analysts to look ahead for better earnings. Then: 1) The companies management doesn't change and as people leave in droves, the company just goes away. 2) The companies management doesn't change and a bigger company comes in and buys them out for their customers and the company is basically gone 3) As people leave, and earnings become worse, the board ousts current management and puts in place people who know what they are doing.... namely people from GNET management. I have seen similar things happen before in the merger between ARDT and IFMX. This is the best case scenario for share holders, and I'll certainly be back buying shares again. This could end either in a successful company or a happy buy-out somewhere down the road. 4) most unlikely scenario - current management gets away with pushing their employees 16 hours a day and manages to squeak out a couple more quarters before the whole company suffers burnout and goes away. Sorry I had to leave the long list.... but I moved into two companies that have already dropped and are on their way back up. Dr.Zax no longer #10 (I'm not going to sell the slot to anyone though because if #3 plays out I'll be back)