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


To: Sarkie who wrote (23496)1/23/2001 11:35:26 AM
From: AugustWest  Read Replies (1) | Respond to of 28311
 
do we have a penguin parade yet?



To: Sarkie who wrote (23496)1/23/2001 11:35:49 AM
From: Sarkie  Read Replies (1) | Respond to of 28311
 
RESEARCH ALERT - Merrill Lynch cuts InfoSpace

================================================================
NEW YORK, Jan 23 (Reuters) - Merrill Lynch said on Tuesday
that it lowered its investment rating on InfoSpace Inc.
(NASDAQ:INSP) a content and services provider for Web sites, a day
after the company announced senior management changes.
In a research note, the investment firm said it was
lowering InfoSpace to neutral/accumulate from a previous rating
of accumulate/buy.
Merill said the stock would "mark time" while the new
management got "up to speed." InfoSpace returned its founder
Naveen Jain to the post of chief executive on Monday.
Shares of the company were off 17.33 percent, or $1-7/32,
at $5-13/16 in morning trade on the Nasdaq stock market, just
above the 52-week low of $5-7/16. The year high on the stock
is $138-1/2.