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


To: Charles W. Breaux, Jr. who wrote (27515)9/17/2002 3:53:26 PM
From: (Bob) Zumbrunnen  Read Replies (1) | Respond to of 28311
 
Perhaps another reason for the split was to make it seem tougher to realize NJ's vision of a trillion dollar market cap. A share price of $3,236 wasn't enough of a challenge. Better to not be a sandbagger and make it so it takes a $32,362 share price to reach that trillion dollar market cap he told us we'd reach.

So, Naveen? Do you still feel like every dollar I put into INSP stock will become $10,000 someday? $100 will make me a millionaire? Hmmmm....

Wonder if it's occurred to Naveen that he can buy the whole company with just a part of his gains from having sold it, use the company's cash to replace what he spent so he doesn't end up any poorer, then just wait until he's hundreds of times richer than Bill Gates.

What really floors me is that, though the company is trading for well under $4 per share today, it supposedly has almost $7 per share of cash in the bank.