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

To: levy who wrote (23990)	1/30/2001 4:20:52 PM
From: brk	Read Replies (1) \| Respond to of 28311

Great excerpt from levy's article laying out the truth... Instead, according to two people familiar with the events, what ensued was a power struggle in which Jain vied with Horowitz for the CEO slot. By mid-January, Horowitz seemed to have won out. Rick Thompson, an executive VP and another Go2Net import, was slated for COO. Jain was set to leave and start a new company. Several executives were approached and asked if they would jump to Jain's new venture. His attorneys huddled with company lawyers to negotiate the terms of his departure. But those negotiations stalled, according to one insider, over Jain's plans for the new company and his refusal to sign a noncompete agreement. In the days that followed, the board reversed itself: Horowitz would be exiting, not Jain, and the founder would take over as CEO. On Jan. 22, that's just what happened. In a nutshell, that bastard wanted to walk away and start a new company with all his know how that would compete with INSP, but Russ called him out on it. I would have loved to be in the room for that confrontation. Burn in hell Naveen!

To: levy who wrote (23990)	1/30/2001 5:49:40 PM
From: HO-MEE	Respond to of 28311

levy my man....Jain is human garbage, Russ did an amazing job at the helm of GNET......Here is my likely scenario....Russ saw the way Jain conducted himself and said that I WILL NOT be involved with a POS like Jain. The stank was TOOOOOO great and Russ's reputation WOULD NOT allow him to stay working along side Jain......the rest is history. Those on this board that are thinking about adding to INSP positions I have one word for you......WAIT. This stock will break the 52 week low at the latest Thursday and then the bottom fishers that bought stock today will be added to those that are under water. This stock will trade below $5/share and then there will be the forced margin liquidation. That will be the buying opportunity. The 52 week low is $5 7/16.....that will be violated in the morning (just my opinion). This stock will need a tremendous amount of rebuilding before a meaningful move will take place........I am FINISHED with this stock, I wish all those INSP longs ALL the best.