SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Internap Network Services Corporation -- Ignore unavailable to you. Want to Upgrade?


To: TheStockFairy who wrote (888)10/12/2006 4:12:12 PM
From: jonesie4jonesie  Respond to of 1011
 
Stockfairy, others must have concerns as well.

Oh well, I stopped myself out at 16.25 on the breakdown thru this short term uptrendline on volume and news, then a standing order I had in got filled at 14.34 which was the close on 9/22, the day INAP came back down to that shorter term uptrend line. Dang, had a bigger order in at 13.50, a bit above that longer term uptrend line, I thought I was going to get filled there for a while, but noooooooo!




To: TheStockFairy who wrote (888)10/13/2006 2:16:34 AM
From: Hawkmoon  Read Replies (1) | Respond to of 1011
 
Massive dillution today purchasing a company that doesn't earn anything. I don't understand what they are doing and how it could make me money in the next year.

Yeah.. it sure did hurt.. And that might seem to be the assessment of the street.

But Forbes seems to believe that the acquisition positions INAP to compete with AKAM..

And DeBlasio is stating that it should be accretive to earnings in 2008.

I don't know.. the chart's not completely broken, but some serious damage has been done.

bigcharts.marketwatch.com

Weekly:

bigcharts.marketwatch.com

I might be incorrect, but I would like to think that DeBlasio will be able to placate the street and convince them that this will put INAP back on the radar screen.

For instance, this article mentions AKAM and VSTH, but no mention of INAP:

featured.gigaom.com

VSTH went from $2 to $14/share back in April, so it would appear that INAP didn't buy them at their top, considering VSTH has been nearly cut in half.

So INAP is receiving quite a bit of coverage from this deal. And while initially it might be negative, we may see it turn positive in coming weeks/months.

Hawk