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

To: Sarkie who wrote (27632)	1/9/2003 9:14:06 PM
From: levy	Read Replies (2) \| Respond to of 28311

sarkie there was an article in newindpress.com about jain and has been pulled out for some reason...can you find it elsewhere? type "naveen jain ousted" under google and you will see what I mean about it being pulled...the headline still shows under cache version only..read somewhere that the article in question referred to his era as a reign of terror....... follow up final got that article to show up..nothing at all about what I just reported above..nothing good at all...I want to see his emails....I'll work on that

To: Sarkie who wrote (27632)	1/9/2003 9:18:21 PM
From: KLP	Respond to of 28311

If you liked that one...The Five Dumbest Things on Wall Street This Week thestreet.com . Sweet Jain Speaking of ousted CEOs, we at the lab call your attention to former InfoSpace (INSP:Nasdaq - news - commentary - research - analysis) chief Naveen Jain, who was "terminated" by his board so quietly Dec. 21 that we didn't notice he was gone until after Christmas. And that's a shame. See, we have a soft spot in our hearts for Jain, and not just because he always returned our calls when we phoned to ask him Dumb questions. Naveen Jain Remembering InfoSpace's ex-CEO No, the reason we love Jain is that when Internet stocks were at their giddiest, no one was giddier than he. Jain was the guy who told TheStreet.com -- and anyone else who would listen -- that his startup would be worth a trillion dollars someday. Not bad for a company whose shape-shifting business has been a mystery to most people, including us; we're pretty sure, though, it has something to do with syndicated and/or wireless information distribution or transactions. Yeah, yeah, yeah. In hindsight, what were we thinking? But back in the days, Jain's goofy immodesty was endearing. In murmured tones at investment conferences, portfolio managers made fun of the excitable nerd who justified his naked egotism with the excuse that he came from Microsoft (MSFT:Nasdaq - news - commentary - research - analysis). But when Jain took to the podium, professional investors listened. And as his stock climbed, they piled in. The Five Dumbest Things on Wall Street This Week Page 5 Which brings us to a final reason we're fond of Jain. (Though before we get to it, we should point out that press reports indicate it's tough to be fond of the guy if you have to actually work with or for him.) That's how Jain dealt with the inevitable fallout of his becoming fabulously wealthy from stock sales, though the shares are now in the toilet. (He cashed out nearly $400 million worth of stock, according to the Seattle Post-Intelligencer; shares which once traded at a reverse-split-adjusted $1,300 apiece are now worth $9.) So how does Jain deal with the outrage that he got rich from inflated stock, but shareholders got the shaft? "Nobody believed [InfoSpace's stock] was overpriced," Fortune quoted him as saying in September. "If I did, I would have been selling a lot more." If you can think of a comeback to that one, let us know. We'll be at the Lanesborough, awaiting your call.

To: Sarkie who wrote (27632)	1/9/2003 9:31:28 PM
From: KLP	Read Replies (1) \| Respond to of 28311

Wonder why it took the "other press" so long....about 2 weeks later after the fact.... Thursday, January 9, 2003 Naveen Jain of InfoSpace Ousted as CEO -------------------------------------------------------------------------------- By a Staff Reporter BELLEVUE, Wash. - Naveen Jain, one of the most charismatic Indian entrepreneurs in the dotcom era, has been replaced as chief executive of InfoSpace, a company he founded after quitting Microsoft. The Internet company said James Voelker, a company director and former president of XO Communications Inc., would take over as chairman and chief executive. The full story appears in the print edition of India-West. To subscribe, click on the Subscribe link on the India-West Web site or email info@indiawest.com. indiawest.com