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

To: Sarkie who wrote (23492)	1/23/2001 11:22:32 AM
From: Bag of Pucks	Read Replies (1) \| Respond to of 28311

Just once, i would like to see "ML Dropped as Investment Banker" .... but when you have so many downgrades, it is time to buy.. these guys are not geniuses, they all loved the stock at 40, 50, 60 138...

To: Sarkie who wrote (23492)	1/23/2001 11:24:23 AM
From: Sarkie	Respond to of 28311

WR Hambrecht Downgrades InfoSpace To Neutral From Buy (INSP) (NewsTraders.com)--InfoSpace (INSP) created some jitters for WR Hambrecht + Co. analyst Peter Friedland, who said the communications infrastructure company's announcement yesterday that it will replace three members of its top brass increases the company's risk profile, causing him to downgrade the stock Tuesday to "neutral" from "buy." As reported, InfoSpace said yesterday that Arun Sarin was replaced in the CEO spot by Chairman and founder Naveen Jain, Russell Horowitz's position as COO was taken by InfoSpace general counsel Ed Belsheim and Tommy Halstead, the company's chief accounting officer, took on the CFO slot from Rand Rosenberg. Friedland said he looks upon the departure of Sarin, who he said had "extensive experience" as a wireless operator at Vodafone (VOD), as a key loss for InfoSpace's wireless initiatives, particularly as the company aims to expand its international presence. In addition, Russ Horowitz was viewed a strong asset due to his background in developing Go2Net Internet properties, the analyst said. Still, Friedland noted that the reappointment of Jain as CEO should mitigate any disruption in InfoSpoace's business. The analyst noted that he still sees InfoSpace as well positioned to drive significant wireless and broadband portal licensing revenues over the next several years, though he believes the shares will be a "rocky ride" in the near term. Shares of InfoSpace ended yesterday's trading session lower by $1.88 at $7.03. Copyright 2001 NewsTraders Inc. All Rights Reserved 08:20 Tuesday, January 23, 2001