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

To: Carolyn who wrote (26369)	7/25/2001 12:32:12 AM
From: Roger Sherman	Read Replies (3) \| Respond to of 28311

Hypothetically speaking... Let's just say that Naveen Jain took the (hypothetically speaking) +/-$400 million he purportedly "profited" from the sales of his InfoSpace stock the past couple of years or so, and (hypothetically speaking) conservatively invested it somewhere...for a return of let's say something like (hypothetically speaking) ONLY about 10% per year. Perhaps even putting a few bucks into the Seattle Supersonics basketball team...or something. That would (hypothetically speaking) mean an additional personal "profit" from the interest return alone on his personal "investments" (very conservatively speaking) of something like (hypothetically speaking)...$40 million per year. Thus that would also (hypothetically speaking) mean an additional ("unearned") personal "profit" to him of something like $10 million each quarter (hypothetically speaking). And NOW, we find that the ENTIRE company of InfoSpace made "profits" of only about ONE-QUARTER THAT AMOUNT ($2.6 million, and ONLY for their "Pro Forma" earnings???) this past quarter. And if we looked at the "ACTUAL" true GAAP earnings of INSP this past quarter (or ANY quarter, for that matter), well...never mind. Some say, "Only in America." Can't remember if that quote was from George Washington, Thomas Jefferson, Abraham Lincoln, Benjamin Franklin, Mark Twain, Tony Soprano, Alfred E Newman, SI Sy...or someone else. (only "hypothetically speaking," and nothing against good old capitalism...of course)