To: Jon Tara who wrote (17596 ) 5/25/2003 12:18:25 PM From: RockyBalboa Read Replies (1) | Respond to of 32871 InfoSpace sells SiliconInvestor.com Former employee of bulletin board takes control By Steve Gelsi, CBS.MarketWatch.com Last Update: 3:15 PM ET May 21, 2003 BELLEVUE, Wash. (CBS.MW) - InfoSpace on Wednesday confirmed that it sold its SiliconInvestor.com Web site to a former employee of the online bulletin board service for an undisclosed amount Free! Sign up here to receive our Internet Daily e-Newsletter! INFORMATION FOR INSP: Create an alert for INSP Add INSP to my portfolio More cool charts on INSP Discuss INSP NEWS FOR INSP Infospace sells SiliconInvestor.com to former employee EBay tops $100; Overture, Jeeves, InfoSpace soar Genesis Microchip, PMI, Systemax, and more More news for INSP Quote & News Charts Financials Analysts Options SEC Filings TRACK THESE TOPICS My Portfolio Alerts Company: Infospace Inc Add Create Get Breaking News sent directly to your inbox Create A Portfolio | Create An Alert Bob Zumbrunnen, a former Web site administrator for SiliconInvestor.com, is now running the Web site with three employees out of his office in Freeman, Mo. Zumbrunnen also runs a competing bulletin board service, Investors Hub. He plans to operate the two as separate businesses, although the sites will soon offer some of the same technical features. He declined to specify the purchase price, but said that he had been negotiating for several months for SiliconInvestor.com before finally taking control of it last Friday. "I can't say if it was making money for InfoSpace, but I do expect it to make money for me," said Zumbrunnen. Zumbrunnen worked at SiliconInvestor until February, 2001, when he was laid off along with about 250 people. In early 2002, he took over operations of Investors Hub. He said the two sites will soon have combined traffic of about 2 million page views per day. Despite the slack interest in the stock market among individual stock market investors that used to flock to such Web sites, Zumbrunnen said he can turn a profit at SiliconInvestor within a few months. "The Web site is not going be a no-brainer money maker any time soon, but it will survive to see another bull market and then I can reap the benefits of that," he said. InfoSpace (INSP: news, chart, profile) had assumed ownership of SiliconInvestor as part of its Oct. 12, 2000 purchase of Go2Net. InfoSpace spokesman Adam Whinston said the sale of SiliconInvestor is part of an effort by InfoSpace to focus on its core payment processing, search, directory and wireless businesses. Steve Gelsi is a reporter for CBS.MarketWatch.com in New York. Latest Industry News Get Alerted on News in this Industry •Yahoo gains as site called a 'must buy' for movie ads 5:06pm ET 05/23/03 •Navellier: First inning of a big rally 12:53pm ET 05/23/03 •Match.com makes the call 10:51am ET 05/23/03 •RealNetorks reported in deal with Playboy 11:53am ET 05/22/03 •Futures wobble on Ciena's outlook, but still up 8:30am ET 05