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

To: Sarkie who wrote (26480)	8/15/2001 12:23:09 PM
From: (Bob) Zumbrunnen	Read Replies (1) \| Respond to of 28311

Looked at quotes on INSP today for the first time in ages. This is really tragic! When I was a GNET employee, we felt we had the world by the cajones. All of us. We were so motivated! We were proud of the fact that we were making money but were working hard to be able to post profits without the dreaded "pro forma" qualifier. There were a lot of misgivings (at least personally, and I'm sure I wasn't alone) at being acquired by another company that, despite assurances that they were as "profit driven" as we were, the financials said otherwise. Because of our relatively tiny number of shares outstanding, we all felt we could have a measurable impact on earnings per share, and worked hard to try to contribute our tenth of a cent to that number. Every one of us was driven by earnings and took immense pride in our ability to produce profits. We were downright snobbish about it. Companies who couldn't produce profits were sneered at. I have to wonder what the difference would be right now if the acquisition didn't happen. Personally, I think we would've gotten hammered along with most of the rest of the 'net stocks, but nowhere near this badly. Not even remotely. At GNET, every single employee took earnings very personally. At INSP, I get the feeling nobody does; not even the guy at the helm. Just realized tomorrow would've been an annual options exercise date for me, too. Of course, they'd be worthless. What's really sad is that in its current state, I see the half a billion market cap as still being way too much. I don't even like to think of what the stock price would have to be for the market cap to look more reasonable to me. I see that the dearth of 144's shows that the principals of the company, including one who made enough to buy back the entire float right now, still think it's overpriced.