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


To: Sarkie who wrote (24178)2/5/2001 7:36:56 PM
From: Roger Sherman  Read Replies (2) | Respond to of 28311
 
And yet another commentary today:

An brief excerpt from this article:
thestreet.com

State of the Web:
A New Wrinkle of Despair


By James J. Kramer
Originally posted at 3:09 PM ET 2/4/00 on RealMoney.com
(TheSteet.com)

You had to be blown away by how bad things are at InfoSpace (INSP:Nasdaq - news). Did they write down that Go2Net acquisition to zero yet? What the heck was that all about, Naveen? And that exit-stage-right departure of top execs made us think that perhaps there is no "info" in InfoSpace. Just space.

Of course, the crowning achievement was Eisner's decision to get out of the portal business. As if anyone really went to Go, which was one ugly pastiche of sites. Disney's (DIS:NYSE - news) in the money-making business, not the loss-making business. I blame Eisner for this, in that he had a succession of hard-skiing, hard-playing knucklehead buddies running the Net for him when it was his to own, and he didn't get serious and bring in the ESPN guys until it was too late. It would have been better if he had blamed himself rather than the medium, but that would have been too big for this guy.