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

To: levy who wrote (26403)	7/29/2001 9:09:49 PM
From: Roger Sherman	Read Replies (1) \| Respond to of 28311

This is the voyage... of the the Stocksht "ENTERPRISE" (aka: "AA's Folly"). It's (now revised) 25-year mission: "To Boldly Go, Where No Stock Has Gone Before," and reach the stratospheric and far distant market cap of 1,000,000,000,000 dollars. The historic voyage was launched on December 15, 1998. It's now been exactly 2 years, 7 months, 1 week, and 5 days since leaving the launch pad ("opening" at $3.125/share, split adjusted). Sadly to say, the voyage has turned out a complete bust...so far. The "Enterprise" has crashed back to earth so violently, that it's "value" (as of 7/27/00 close) is unbelievably NOW WORTH 30.24% LESS than the moment of it's IPO launch...over 2 1/2 years ago.* Some bottom feeders will say, "Buy NOW! It's WAY undervalued! It'll make you RICH someday! It represents the future of the wireless world"! It's got partnerships! It's got barter deals! It's got 'goodwill' coming out the wazoo! It's got patents! It's got Paul Allen! It's got cash! It's even got lots of office furniture! It's really going to be something...someday! Yep...some people will say that. Perhaps they'll turn out to be right...Yep, perhaps they will. Below is an absolutely accurate <ggg> and very detailed technical analysis (TA) chart of the "Enterprise's" history since that fateful day when it's mission was launched "publically," under the steady leadership of Captain AA himself: /\ <-----138.5 / \ (3/3/00) ? ? / ? ? ? ? / ? ? 3 1/8 / \ 2.18 (12/15/98) _? ?_ (7/27/01) IPO "open" ? ? \| \| __,/ \_ \| V _,___,/ ?-,_ V __.___..__,/ \,___..__,__ ?------------.----,------------------------,--------------? _,'.--. \ .' (o ) \ \| C , '--' \| / / )'-. \ / \| .-; \ \| \_/ c___,' \| .-' .---.__AA_/ \| / ( ` \| .--' '. __,-'\ .' `'-----'` jgs \ __.' `-..--'` You sophisticated TA "experts" may perhaps recognize the subtleties of this now "classic" chart (aka: the "DotBomb Pattern").

To: levy who wrote (26403)	7/29/2001 11:41:20 PM
From: Roger Sherman	Read Replies (1) \| Respond to of 28311

You remember Tom Wolfe's 1968 classic... "The Electric Kool-Aid Acid Test." Well...apparently so does Arun Sarin. lanroamer.net Excerpts from the above article: Stanford Symposium Stirs Debate By Peggy Albright May 21, 2001 Wireless Week How might this affect the wireless industry? For one, 3G will move more slowly than the wired Internet did and less rapidly than the industry wants, largely because of the lack of end-to-end IP connectivity, predicts wireless veteran Arun Sarin. "It will come," he promises. "The question is when." Sarin, former president and COO of AirTouch Communications, former CEO of InfoSpace Inc. and a member of the board of directors at Vodafone, Charles Schwab and Cisco Systems, admits that, like everyone else, he was completely buffaloed by the wireless Internet phenomenon last year. In fact, the whole business case driving Vodafone's hostile takeover of Mannesmann last year was based on the promise of the wireless Internet, he says. "I frankly just drank that Kool-Aid" like everyone else, Sarin admits. Like many others, he has learned to proceed more cautiously. Sarin advised conference attendees to pick their battles carefully and try to move forward smartly. He says innovation will occur much slower than it did with the Internet because of inherent roadblocks in the wireless industry. For example, increasing concentration of the industry in the hands of a few huge players worldwide will limit the free flow of ideas and technology development. The plethora of competing wireless data standards and approaches to wireless browser design will cause other delays. Additionally, Sarin believes the proliferation of devices and competing operating platforms will prevent developers from creating the economies of scale needed to drive innovation. He sees no killer application yet. Finally, he says, the capital markets are now too averse to wireless Internet risk and will not soon return to last year's funding levels. For those seeking advice on how to proceed in this business environment, Sarin offers these suggestions: Build your business around incremental advancements. Build functionality on top of existing networks to speed adoption, as the Research In Motion BlackBerry does. Don't try to replace existing revenue streams and don't try to replace SMS. Companies thinking that 3G will expand the SMS gold mine will cannibalize that revenue stream. Also, focus on applications, new platforms or standards, and assume walled gardens are here to stay, then structure your business model around carrier economics and on the carriers' terms. "Voice, at the end of the day, will be the business case and killer application for 3G," Sarin predicts.