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


To: Bosco who wrote (25347)2/23/2001 1:37:24 PM
From: Robert Rose  Read Replies (1) | Respond to of 28311
 
bosco, i will assume you know who i'm referring to re: highest level of mgmt. (does AA help? <g>) As for the second part of my statement, i am referring to the distinct possibility that a large part of insp's success prior to 3/00 and even until its merger with gnet was working the system for all it was worth. and that system had to do with a bubble market for new econ stocks. it's about smoke and mirrors, secondaries, stock splits, fancy acquisitions and mergers, PR, and not necessarily, about running a business soundly.

So what's the result?

Now that we're in a market focusing on "value" rather than hype, we see insp's stock price at under 4 instead of 139 just 12 months ago.

amzn is another company caught in this smoke and mirrors game imo.

Hope this makes some sense.

Disclaimer: am not an expert on all the specific details the way some folks on this thread are. this is just my general impression as someone who bot insp at 55 i believe this summer and sold it recently (and thankfully) at 5.75. i am just trying to make sense of that price move, the recent management upheaval, etc.