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

To: Obewon who wrote (93)	4/28/1998 2:15:00 AM
From: White Shoes	Read Replies (1) \| Respond to of 28311

Expensive offices. Well...of course you have a point. But then again the principals don't seem to have a high-overhead mindset when it comes to business generally, so maybe their instincts are better than you think. All the businesses they are buying up are low overhead turnkey operations, and that may continue to be the strategy. Sure they paid a lot for SI...I happen to think SI is #1 and will pay off for them. Remember how much Fox paid (lost, really) to get NFL football as the flagship. All that technology, all that Madden money, and they don't really make money on the deal. Except that it puts them on the map...and the network as a whole is successful. Perhaps, on a smaller scale, this really is the sort of business we are dealing with here. Go big or go home, damn the torpedoes, get the best and pay the most or you'll be relegated to designing the website for National Public Radio (and that cooking show with those great episodes on "Rice" etc.). Maybe this means GNET needs to raise even more cash, be even more reckless. It worked for YHOO. It may very well be that the CEO doesn't know the value of a dollar. Sounds like he is used to having a lot of money. Then again management here may have the requisite mentality for a media company. I'm sure Edgar Bronfman never skimped on office expenses or corporate jets either but am also sure that diversifying into the entertainment biz could turn out to be the best business move Seagram's ever made (other than selling enough liquor to keep several planets drunk for a couple of centuries). I'd agree with you if we were talking about nuts and bolts technology here but we may also be entering the glamour world. If this means that management and staff begin to look and sound and eat and dress and think like Niles Crane, then so be it. Just so long as I don't have to eat dinner with them <g>. We're a long way from Norm Peterson and Cliff Clavin baby.

To: Obewon who wrote (93)	4/30/1998 12:32:00 AM
From: The Duke of URL©	Read Replies (1) \| Respond to of 28311

From the press release: SEATTLE, April 23 /PRNewswire/ -- go2net, Inc. GNET , a leader in providing technology-driven Web sites , has entered into a definitive agreement to acquire Silicon Investor, one of the largest communities on the Internet . This acquisition will increase advertising, subscription and commerce opportunities for go2net --------------------- I think they mean us.