To: Susan G who wrote (24118 ) 2/1/2001 9:05:49 PM From: KLP Respond to Thanks Susan....Does anyone have a resume for either Ed Belsheim who will now be COO, and Tammy Halstead, who is not CFO??? Usually, when one buys a stock, or decides to stay in a stock, one makes the decision in part on who is running the company. I personally am leary of situations where an attorney attempts to run a company. Can anyone (PLEASE) site some examples of situations where an attorney took over Operations of a Corporation, or as President of a company and things turned out well??? How much business experience have either of them had? INFOSPACE (INSP): W.R. Hambrecht + Co., along with a slew of other brokerages, reduced its rating on the shares of INFOSPACE to NEUTRAL from BUY on Jan. 23, based on the previous day's announcement of the replacement of the company's CEO, COO and CFO. The firm believes that the "lack of management continuity has significantly increased the risk profile of INSP shares." In the place of Arun Sarin, former CEO, will be founder and chairman Naveen Jain. This should mitigate disruption at the company, according to Hambrecht. Ed Belsheim, INFOSPACE's general counsel, will replace Russell Horowitz, former COO. And Tammy Halstead, the company's chief accounting officer, has replaced Rand Rosenberg, former CFO. Mr. Sarin and Mr. Horowitz will continue to assist INFOSPACE, but they will not participate in active management roles. Importantly, Hambrecht believes INFOSPACE "is well-positioned to drive substantial wireless and broadband portal licensing revenues over the next several years," but the shares could be under pressure in the near term. Revenue and earnings estimates remain the same. For 2000, revenue is expected to come in at $209 million, rising to $360 million in 2001 and $500 million in 2002. Cash earnings per share are forecast to be $0.09 in 2000, increasing to $0.13 in 2001 and $0.31 in 2002. No target price was listed. The shares closed at $6 on Jan. 23. Research about INFOSPACE was accessed 1,272 times, and 38 new documents were added to the Multex.com database, during the week of Jan. 15 to 21.
