SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?


To: brk who wrote (24002)1/30/2001 5:40:27 PM
From: Bosco  Read Replies (2) | Respond to of 28311
 
Hi brk - I am taking no side [except mine :)] here. However, if NJ left instead of H, I couldn't see how he could run the INSP side of INSP. I disagree your premise that S is there. Precisely it is b/c S didn't want to move to Seattle that has led to this situation. So, again, you are left with half of a disjoined whole.

But you are right, chances are H has signed something of a noncompeting clause in nature at the time of merger, but I cannot see how H can challenge J in [the orignal] INSP core biz anyway. And chances are a repeat of GNET from scratch has the moment in time.

On surface, J is the heavy here. It may even be true. I simply do not think this is the good-vs-evil thing. And my previous post simply points to the possibility that if J lost to H, then H could be protrayed as the heavy, until J started his new biz, and H ran INSP would sue the new biz etc etc. In the end, outside shareholders like us are getting the brunt of it. Since I would be losing value in my investment anyway, why would I want to be anyone's footsoldier unless I knew clearly what has transpired. And even if I knew clearly what has transpired, I might still be unclear who had the moral high ground. So, the best thing is to stay out of it :)

best, Bosco



To: brk who wrote (24002)1/30/2001 7:57:09 PM
From: 10K a day  Respond to of 28311
 
My take on this soap opera is that his plan was to start a new business in the same arena as INSP and revitalize his ego from the ground using his expertise in this area and the gob of money that he make cashing in shares of INSP last year. But then Surin tells him that he is stepping down, so Naveen goes to Russ and says "Congratulations Russ, Surin is stepping down and you are the logical replacement as CEO".....
Russ says "Sure Naveen my brother, I would be honored to take on the position....all I would like from you is to sign your name below this here non-compete clause in this contract so that I can be assured that you support INSP 100% and would not even entertain the idea of starting a new company which might be a threat to our success."
>>>>

NOT Sleeping in Seattle!