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

To: KLP who wrote (25203)	2/20/2001 10:43:16 AM
From: Dan Hamilton	Read Replies (1) \| Respond to of 28311

In the case of Allaire (creator of market leading web software Cold Fusion), I was referring to their stock price equalling their cash position before being bought out. In the case of management leaving, I had mentioned Entrust previously. They announced a merger deal with enCommerce on April 17, 2000. The CEO of Entrust left on February 12, 2001. The Chairman of enCommerce is acting as co-CEO while they search for a replacement. Strangely, Entrust's CFO had announced his departure also on Nov. 13, but then they announced he was going to stay on Dec. 1. Speculation is that the CEO had been unable to successfully derive the synergies expected of the merged entity and the BOD asked for his resignation. There are a number of companies that Lucent and Nortel bought where the management didn't stick around very long. Anyway, I think my point was this: 1) Given market conditions, GNET would likely have been bought by another company if not INSP, for little more than the current value of the deal. 2) M & A's are often not successful due to clashes of corporate culture and individual personalities. It it is difficult unless you are an insider (and even then you are often too close to it to have an objective perspective) to know who was "truly" responsible for failure. The answer is usually that everyone shares some blame. I agree completely that there are questions and concerns about NJ's handling of this. Will we ever know the truth? Doubtful. But I also don't buy into the "Russ Horowitz is god" cult either. Does INSP have a cure for cancer, or can they create world peace? Nope. I'm just in it to make some money, that's all. At this level, I think there's a good upside. As for my "get over it" comment, I meant if anyone thinks Naveen Jain is the anti-Christ, then for the health of your psyche, take your lumps and move on.