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


To: Roger Sherman who wrote (26367)7/24/2001 9:21:37 PM
From: Roger Sherman  Read Replies (1) | Respond to of 28311
 
Oh Ohhhhhhhh!........As Paul Harvey would say,

"And NOW for the REST of the story."


___________________________________________
    |.=========================================.|
    || WE ACTUALLY LOST $70.9 MILLION THIS QT. ||
    || WE ACTUALLY LOST -$.22 PER SHARE FOR QT,||
    || AND LOST $195.3 MILLION THIS YR. SO FAR.||
    ||  .----. WE'VE LOST -$.60/SHARE THIS ||
    ||   / ><   \  /  YEAR...SO FAR. ||
    ||  |        |/\ DOES CONTINUED "ACTUAL" ||
    ||   \______//\/ GAAP "LOSSES" EVERY QT ||
    ||   _(____)/ /SAY ANYTHING ABOUT ANYTHING?||
    ||__/ ,_ _  _/_____________________________||
    '===\___\_) |==============================='
         |______|
         |  ||  |
         |__||__|
He's baaaaaaack!
***********************************************

***Please Note***
IMVHO, the above more accurately reflects the "actual" Earnings of INSP, using the "Generally Accepted Accounting Principles" (GAAP) of the United States.

***Also Please Note***
According to INSP's Conference Call today, they now expect to show a LOSS of 5 cents per share in the 3rd QT (with revenues NOW expected to drop to only $33 million, down from $51 million this quarter), and they NOW also expect a 4th QT LOSS of 4 cents per share. So stock is completely tanking in "After Hours" trading. BTW, no mention of "Broadband" in Earnings Report, and no mention of Riccio during Conference Call.
cbs.marketwatch.com



To: Roger Sherman who wrote (26367)7/25/2001 12:53:31 AM
From: KLP  Respond to of 28311
 
Well, for a ride around other on line financial boards and neighborhoods, see what others think of today's "guidance"......even the diehard "hypers" are PO'd....

thelion.com

And did anyone happen to hear Jain explain why a 3rd Qtr Loss is a Good Thing...?????????

InfoSpace CEO: Expected Q3 Loss is Part of Long-term Plan
siliconinvestor.com



Jul 24, 2001 (BUSINESS WIRE) -- Naveen Jain, CEO of InfoSpace, explains why his company turned profitable in Q2 but will slip back into the red in Q3, and tells investors why they should hang on.

For the complete streaming audio story users should access on24.com



To: Roger Sherman who wrote (26367)7/25/2001 12:16:06 PM
From: Sarkie  Read Replies (2) | Respond to of 28311
 
And the saga continues.

Jain opened his mouth and it dropped like a rock.

Jain.....common sense
NEVER SPEAK IN PUBLIC AGAIN!!!!