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

To: Robert Rose who wrote (23716)	1/25/2001 1:41:13 PM
From: David Howe	Respond to of 28311

<< So are you suggesting gnet and insp should never have merged in the first place? >> No, I think the merger was a good move. The two companies compliment each other quite well. The problem was that INSP paid over $1.5 billion for a company that the market would now be valuing at about 1/3 of that. All internet stocks have fallen substantially since the merger. If INSP had waited until GNET was 1/3 of its price, the merger would have been a better financial deal. My point was that INSP would seem to be just as well managed a company as it was a year ago when the stock was 20 times its current price. The loss of RH and AS is an unfortunate occurrence, but not a huge problem, IMO. Just my opinion, Dave