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

To: levy who wrote (23544)	1/23/2001 9:09:07 PM
From: TH	Respond to of 28311

levy, You are right on target regarding one of my biggest concerns. The reasons for all departures sound like fluff...and fluff ain't selling this year. Sarin only getting 200k/yr and a long way from the strike and vest on his options probably didn't help motivate him to meet Jain's work ethic. And Sarin leaving a few months before his first 25% vest does not support a huge upside surprise that could propel the stock to his strike. The more I think about it, the more I am convinced it is about personality conflicts, or, gulp, lack of performance in key areas. In Sarin's case that would mean that some of the wireless deals we have been expecting might be compromised. I find it most odd that they would do this one week before earnings. SI SY had a couple of thoughts that I agreed with, but then I started to think that this is Jain were talking about. You can't use conventional wisdom with this guy. I'm still giving it thought, but I don't see the advantage of dumping the other "chiefs" before a bad earnings report or a lower forecast. The only reason I can think of it to be able to say to the street that you got rid of the "bad", trouble is the street thinks Jain is the bad. Three heads gone at once, and the street does not have the same confidence in the one that remained; even if that head is a self-inflated jumbo. Here is a Cnet story. Not too pretty. yahoofin.cnet.com Here is a ZDNet story. Not too pretty. boards.fool.com HAGO TH

To: levy who wrote (23544)	1/23/2001 9:12:14 PM
From: silversoldier a/k/a SI Sy	Read Replies (1) \| Respond to of 28311

levy, another bad review, but one that offers some slight solace, from Forbes.com: biz.yahoo.com Tuesday January 23, 2:51 pm Eastern Time Forbes.com Wireless Act: Openwave, InfoSpace Break Out By Mark Lewis Wireless Internet stocks are a hot play again--at least for today. Openwave Systems and InfoSpace are both among Nasdaq's most heavily traded issues. The trouble is, they're moving in the opposite direction, with Openwave up 15% and InfoSpace down 13%. So where are these stocks heading? To some extent, the two companies' markedly different performances are due to news events. There is a case to be made, though, that Openwave has a stronger business model and is simply a better pure play. Openwave (Nasdaq: OPWV - news) popped today after surprising Wall Street with a nice little operating profit for the recent quarter instead of the expected loss. Revenue came in at $109.7 million, up from a combined $29.1 million a year ago for Phone.com and Software.com, which merged to form Openwave. The outlook is murkier for InfoSpace (Nasdaq: INSP - news). Several analysts downgraded the stock today in the wake of yesterday's surprise management shakeup. Among the departures is Chief Executive Arun Sarin, who is stepping down after only nine months on the job. Sarin, who cited the desire to spend more time with his family, will remain on the board as vice chairman. Analysts doubted that he would continue to be a major factor. Despite Sarin's departure, InfoSpace is not necessarily a bad bet to prosper--if and when the wireless Internet finally kicks into high gear. Openwave might still be a better bet because it's more of a pure play wireless Internet stock. The company sells the software that enables wireless carriers to provide Internet services via mobile telephones. InfoSpace sells content and services to a variety of Internet-related customers, only a minority of whom are wireless carriers. ``For a carrier to provide wireless Internet services, they need Openwave,'' says Peter Friedland, a wireless analyst at W.R. Hambrecht. ``InfoSpace is a less crucial piece of the strategy.'' The effect of Sarin's departure should not be minimized, either. He was viewed as a key driver to expand the company's international reach. ``Now he's gone, and I think that's a point of concern,'' Friedland says. InfoSpace founder Naveen Jain is returning as CEO, but not even the famously persuasive Jain could convince analysts that this change boded well for InfoSpace. ``A year ago Naveen Jain was a visionary, and people sort of started to drink the Kool-Aid,'' says Matt Finick, a wireless infrastructure analyst for Thomas Weisel Partners. Then the Internet bubble burst and InfoSpace collapsed from its 52-week high of $138.50 to yesterday's close at $7.03. While many investors remain convinced that wireless Internet is the next big thing, they are more particular these days about where they place their bets. Finick has ``buy'' ratings on both stocks, but he has lowered his expectations for InfoSpace's 2001 performance. The company will announce its fourth-quarter results on Jan. 29. Last month, InfoSpace said it was comfortable with the current analyst guidance, but that was before Sarin's departure. ``I believe that the educated investor is investing in Openwave and probably lightening up on InfoSpace,'' Finick says. ``Let's be blunt here: Openwave has been executing on their model. With InfoSpace, you've got this question about whether they'll be able to execute.'' Sy

To: levy who wrote (23544)	1/23/2001 11:14:22 PM
From: HO-MEE	Read Replies (2) \| Respond to of 28311

levy,Sy,Sarkie......all the regulars.......how do you bother to let a piece of human garbage bother you, and why do you waste your time in responding........Its amazing levy that you would bother to have a dialog with an idiot that says that Russ is your lover...."Your lover Russell Horowitz was an overpaid, underworked employee and was expendable. Same with Arun Sarin. It's in the best interests of the shareholders. Hey, it happens every day in the corporate world.".... you should be ashamed of yourself. This is a poor version of Stockputz and Playaverputz all rolled into one.......RSH wakes up each morning and looks in the mirror to realize the horror of who is staring back at him, himself. Here is my spin on the past 36 hours.......Russ is leaving the company, Sarin is not stepping down due to family commitments and the outlook for INSP will be tempered on Monday along side the earnings report........Lets review what has happened: ceo,coo,cfo all have left or have stepped out of the way.......If the #'s on Monday would have been good......this never would have happened....the street HATES Jain and that is why virtually everyone cut INSP today. In addition, I listened to the conference call and Jain WOULD NOT discuss the companies #'s, even though he was posed several questions about this topic.....the silence was deafening.......this was a major management shake-up and I have NEVER heard of this in a strong corporate environment. All of the GNET longs became INSP longs based on the fact that Russ was VERY involved in the future of INSP.......this is NO LONGER the case.Sarin (who the street loves) has also stepped down citing family matters.......if this was good for the company, why is the stock down 33% in 2 days????......RSH is pathetic, he should be on the Yahoo board with the mindless posts he writes......these types of "people" are the main reason that I no longer post here. Best of luck to all......I think that INSP is dead $$$$$ in a rising Nasdaq.....I think Monday will open the eyes of the investment community(if they weren't opened yesterday).