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

To: Sarkie who wrote (24699)	2/8/2001 12:30:14 AM
From: Susan G	Read Replies (1) \| Respond to of 28311

Just wondering.... If the thought has occurred to anyone how a well orchestrated washout this has been on this stock, how negative guidance was given at the CC, shocking all who knew that gnet was bought to replenish the cash account, a 30 day wait and then whammo here come the PRs stating possible upside guidance and a suspenseful announcement coming - this news via a PR release? Sounds real fishy to me, am I the only one? Would be interesting to find out how many insider buys occurred in the past few weeks, as well as all their relatives, and friends. IF he has any. And 250 loyal employees cut is what is going to contribute to this "improved guidance" - the ones that earned GNET all that cash in the first place. That's over 12 million if the average salary was only 50 grand. How sad...how cutthroat! And an On24 audio alert on the news tonight, aren't they a partner GNET hooked up with? A blurb from a free newsletter last night, the CEO is now a laughing stock. His arrogance is totally absurd now. Among today's casualties included infrastructure player Infospace Inc. (NASDAQ:INSP -0.59), which announced it will rid itself of 250 workers, or 20 percent, of its workforce. Infospace has come a long way...down that is. Remember, this is the same company whose CEO, Naveen Jain, said when shares were at a pre-split high near $275 in early 2000, that INSP would become the first trillion-dollar market-cap company. Well, with shares now trading for $3.50, rendering a market cap of just $1.52 billion, you are only $998.5 billion away, Mr. Jain.