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

To: Carolyn who wrote (25770)	3/30/2001 3:55:27 PM
From: (Bob) Zumbrunnen	Read Replies (3) \| Respond to of 28311

Really hard telling since, according to a newspaper article from a couple of months ago, he was all set to leave the company but was held up by the company's refusal to let him compete with it. If the accounts of that article are correct, he "settled for" working at INSP. He would've rather been a competitor to it but decided not to be since the lawyers wouldn't let him. He apparently thought pretty highly of his chances of successfully competing with it and liked the idea and would've rather gone that route. His purchase of 500k shares at $4 a while ago would seem countrary to that conclusion unless you take the cynical view that it was a desperate token gesture at retaining employees. That view would be more credible if he flaunted the purchase in front of the employees, but I don't know if that happened. Correct me if I'm wrong, but I'm thinking that at today's prices he could use his own cash plus the company's cash to take the company private. That'd screw the option-holding employees (like they're not screwed already), but since he reportedly doesn't want any employees "in it for the money" (like himself), that shouldn't be an issue. I'd imagine it'd be pretty tough to be part of a "crusade" with no reasonable expectation of getting a piece of the Grail as a reward.