To: The Duke of URL© who wrote (89551 ) 2/7/2001 5:39:15 PM From: Jimbo Cobb Respond to of 97611 Duke...Maybe G2net was acquired for $4 Billion a few months ago by INSP, but it appears the entire market cap of INSP these days is only about $1.5 Billion (INSP has dropped from appox 60 to 5 since the merger was announced and approx 25 to 5 since the merger was completed) , so unless the G2net'ers cashed in immediately, their stake has dropped quite a bit already....and judging from some of the recent press out of INSP, they are tightening their belts and laying off a lot of folks....quote.excite.com --------------------------------- Jimbo. On Tuesday, Infospace announced its plan to layoff 250 employees and said it plans to revise guidance upward. Goldman Sachs & Co. analyst Vikram Mehta said the stock fell that day because of a "misunderstanding," as many investors probably assumed bad news when hearing about the revised guidance. "We didn't think people would look at it that way," said a company spokeswoman, who said it was unfortunate for the company but noted that the misunderstanding was corrected in Wednesday's conference call announcement. Infospace has taken several steps in the last few weeks to realign growth areas and cut costs, she said, explaining that the revised guidance will be based on those initiatives. The Internet infrastructure company has faced several difficulties in the past year, seeing not only a slowing market but also the departure of its senior management team. In the last two months, Infospace announced the departure of its management and lowered 2001 revenue guidance by 40% to $215 million. The company said it would give an update in late February. Wednesday's press release indicates that the company is willing to talk about things sooner rather than later, said Mehta, which investors are interpreting as a good sign.