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

To: dstange who wrote (23984)	1/30/2001 3:13:31 PM
From: Bosco	Respond to of 28311

Hi dstange - there are 2 schools of thought here. One can certainly buy on momentum and take a ride on the hot air machine <g>. The other is when even the skinniest rat has abandoned ship and one has to determine if there is any more downside risk. I ve played the mo mo game and lost. Now, I am bottom feeding. Granted that INSP has had some self-inflicted injury, but one has to decide, does it have what it takes to come back. CIEN, PSFT, and even the mighty ORCL have gone to hell and back [never owned any of these three stks.] Can INSP do it? You guess is as good as mine. So, stop listening to the white noises, be they hype or negativity, and decide for yourself, do all these alliances with wireless providers worth a shot in the single digit. I am not a trader, so I am willing to wait around for awhile, unless my friend the margin man shows up at the door <VBG> Btw, if you are selling from your non retirement account, shouldn't you sell the $30 lot first to lock in the capital loss? best, Bosco

To: dstange who wrote (23984)	1/30/2001 3:21:40 PM
From: David Howe	Read Replies (2) \| Respond to of 28311

<< To me there is just no reason to own the stock unless you are underwater or really speculating >> Or, you could remember the future of wireless. No less than 8 months ago the media was absolutely filled with projections that more people would (eventually) access the internet from wireless devices than from wired (ie. PC) devices. Projections were for literally billions of people to use wireless devices. Some day this could be the case. Let's try 8 years from now and see if INSP MIGHT be a good investment. 8 years from now it's possible that 500 million people world wide will access the internet with wireless devices. It's possible that INSP will have 50% of these as customers. It's possible that INSP will be receiving $2 per month per customer for their infrastructure and merchant and m-commerce services. (I actually think that this is on the low side) Try the math 500 million x 50% x $24 (dollars per year per customer) = $6 billion in revenue. Most companies in high margin businesses (ie. software) sell for Price to Sales ratios of 5 - 10. Use a P/S ratio of 5 to be conservative and you get a market cap of $30 billion. That's a massive return on your investment from these levels. There are many other ways to calculate this and they all come back with approximately the same result. If INSP captures a decent chunk of the wireless market they are currently in and the wireless market grows as expected, INSP will be a good investment. Just my observation and opinion. Dave PS. Short term, who knows, this thing could go to $4 or lower.