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

To: KLP who wrote (26426)	8/1/2001 1:17:29 AM
From: mikiespeedracer	Respond to of 28311

Score! KLP, you are a great researcher! I had heard that the analysts were giving NJ grief because he said they were on a nationwide hunt for a president so they quickly named Belshem. What a joke! Who would work for them?

To: KLP who wrote (26426)	8/1/2001 4:48:23 PM
From: Roger Sherman	Read Replies (1) \| Respond to of 28311

Here's a ray of "hope" for INSP shareholders. <VBG> archives.seattletimes.nwsource.com WEBVAN STOCK PROFITABLE FOR ONE GUY By Amalie Young The Associated Press PORTLAND -- Bidding hit $530 last week for a stock certificate for Webvan, the defunct dot-com grocer. Jeff Smith of Klamath Falls bought the document for 14 cents several months ago and sold it on eBay at a huge markup. "He's the only guy in the world to have made money on Webvan stock," said Greg Freishtat, an Atlanta investor who purchased the certificate Friday. Freishtat plans to hang the memento in his office with the plaque: "Don't let this happen to you." And Smith, a semi-retired consultant who buys and sells stock certificates on eBay, believes he's on to a moneymaker -- a fervor for certificates from failed dot-com companies. Stock certificates from old railroads, airlines and banks, some going back as far as the 1800s, have long been popular among collectors. But documents from short-lived Web companies are a contemporary commodity. Although certificates are no longer distributed with each stock sale, buyers can still request the documents, usually with an added fee. Online grocer Webvan declared bankruptcy in mid-July. About 264 million shares are still available on the open market; it is not clear how many Webvan certificates are in circulation. David Haugk, a certificate transfer officer with Bidwell, said with Webvan stock selling at 3/4-a-penny yesterday, 10,000 shares could be purchased for about $75. "I don't understand why people would want to pay that kind of money for a piece of paper," he said. Nevertheless, Smith said when the Webvan certificate went on the auction block, the Web page drew nearly 27,000 viewers and 300 e-mails from around the world. A typical stock-certificate auction attracts between 50 and 80 people, he says. "To tell the truth, I was surprised when 1,000 people had looked at it, and it was bid up to $67," Smith said. Certificates for other struggling or defunct companies, such as Drkoop, eToys and Pets.com, have gone up for auction. Although stocks cannot be sold on eBay, auction of expired certificates or certificates from defunct companies are allowed. Under Securities and Exchange Commission rules, stock certificates can be sold as art, as long as prices are twice as high as their actual value. Copyright © 2001 The Seattle Times Company