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

To: HO-MEE who wrote (23553)	1/23/2001 11:34:19 PM
From: mikiespeedracer	Read Replies (1) \| Respond to of 28311

Ho Mee Has anyone given any thought to the idea that maybe this is just simply a case of the bad guys winning? After all, Russ ran a pretty clean organization and merging with the likes of a dude like Naveen (law suits and all)will take its toll on anyone. Just maybe, all Russ' business expertise and know-how, in the end, were no match for the guy in the black hat. My sense is that INSP will be fine in a couple of months but better yet, let's look for Mr. Horowitz to rise from the ashes.

To: HO-MEE who wrote (23553)	1/24/2001 1:49:25 AM
From: Doug Fowler	Read Replies (2) \| Respond to of 28311

I thought that InfoSpace indicated in December that they expected to make their numbers. In fact, they did on December 13: "The company said it was confident it would meet previously stated financial projections for its fourth quarter. InfoSpace, which sells content and merchant services for Web sites and telecommunications carriers, said on Oct. 25 it expected to achieve quarterly revenue of $66 million and pro forma net income of $4.9 million." Jain would at least have reminded analysts of that if the numbers were in fact made. So, one can draw no other conclusion than the numbers were not made - in fact, there may have been quite a miss, and if so, INSP should have preannounced (and Wall street will kill them if there is a big miss and they did not preannounce, and instead preannounced 18 days before quarter end that they were confident they would make the numbers.) As I've stated earlier, I already assume this stock is going to zero, but while $6 a share is better than zero, I'll stick around at least until earnings. Who knows, maybe they did make the numbers.