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

To: Glenn Petersen who wrote (28263)	6/29/2008 11:23:38 AM
From: MJ	Respond to of 28311

Prom Part I 10 years ago: This is what happened immediately after INFO went public in 1998. "InfoSpace made its Wall Street debut Dec. 15, 1998. Employees watched as the stock, priced at $15, closed at $20. InfoSpace, half owned by Jain and his wife, was suddenly worth at least $400 million. InfoSpace's first employees were each worth about $2 million. Of the $78 million InfoSpace raised that day after expenses, $10.5 million would eventually go to paying off Plunkett's claim. Meanwhile, InfoSpace stock started its dizzying climb, doubling in the first two weeks"

To: Glenn Petersen who wrote (28263)	6/29/2008 11:03:03 PM
From: MJ	Read Replies (2) \| Respond to of 28311

Hey Glenn I just finished reading all of the posts about INFO. That is one h---- of a story! I decided to answer the Merrill LYnch Litigation Letter I got----------what is so funny is they are asking me about the value of INFO stock on October 12th, 2000 when the few shares I had left of GO2NET were tendered to INFO. They have assigned it a value of "0" as my account had only that x shares of GO2NET had been "exchanged" for y shares. I am going to have a little fun with this and send them the portion from the Seattle Paper about the merger and value it at the cost that I actually paid the same day for a couple hundred shares of INFO believing the story that was being put forth then. That's why one forgets the story and looks at the technicals. Hard to do when we are story people. Thanks for your info. An aside-----is Jain's Mercer Island the same Mercer Island that Obama's mother Stanley Ann Dunham lived on and went to high school? That would have been in the late 1950's and I presume not as exclusive as it is now during Jain's time. mj