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

To: KLP who wrote (25384)	2/24/2001 8:12:17 PM
From: Roger Sherman	Read Replies (1) \| Respond to of 28311

Update regarding INSP BOD... Arun Sarin has not yet "officially" resigned from the Board, although he is expected to do so in the near future (along with some other board positions he holds). INSP is currently looking into several possible replacements for Sarin. The Board itself will appoint his replacement. When that occurs, there most likely will be a press release from INSP. Also...Bill Savoy, NOT Paul Allen (as has been reported on this and other threads), remains on the BOD as the representative of Allen's Vulcan Ventures. I personally find it highly unlikely that Paul himself would ever serve on the Board, but always have a representative (such as Bill S.) serving for his VV...as per the INSP/GNET "merger" SEC filing below. Brief excerpts from SEC filing for Vulcan Ventures regarding the GNET/INSP merger, #SC 13D General Statement of Beneficial Ownership" (filed 1/16/2001): siliconinvestor.com Item 5. Interest in Securities of the Issuer As a result of the Merger, Vulcan Ventures may be deemed to be the beneficial owner of 21,698,778 shares of the issuer. Such shares represent approximately 6.9% of the outstanding Common Stock of the Issuer. This percentage amount is based upon 314,950,620 shares of Common Stock outstanding, as reported by the Issuer on Form 10-Q (File No. 000-25131) filed on November 13, 2000. As the sole shareholder of Vulcan Ventures, Mr. Allen shares voting and dispositive power over the 21,698,778 shares of Common Stock owned by Vulcan Ventures and may be deemed beneficially to own such shares, representing approximately 6.9% of the outstanding shares of Common stock. William D. Savoy, the Vice President and Director of Vulcan Ventures, as listed in Item 2, holds options to purchase a total of 65,500 shares of Common Stock of the Issuer granted on October 12, 2000, subject to certain vesting requirements, as reported by Mr. Savoy on Form 4. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Pursuant to the Merger Agreement, as long as Vulcan Ventures continues to beneficially own at least eighty percent (80%) of the shares it owns on the effective date of the Merger, Vulcan Ventures has the right to appoint one (1) member of the Board of Directors of the Issuer.