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

To: Technologyguy who wrote (319)	10/3/1998 2:37:00 PM
From: El Matador	Read Replies (2) \| Respond to of 28311

Standard Street procedure is to use LTM. Venture backed calc's are 4X latest Q.(LTM=Latest Twelve Months) As for the shares, it is unusual that they were all registered at once rather than sold through 144. This is new news and as I said, the trading float has effectively doubled. I stand by my initial post, although I can say as well that yours is equally correct. All is all this company is vastly overvalued. If you are an engineer(as is possibly indicated by your moniker), you should do a pro-forma discounted cash flow calculation. Choose just about any growth rate that you want. The number that returns on your spreadsheet will, not in all likelyhood, be positive. What is your price target for GNET? Mine is $5 before Christmas and I am clearly short. Care to place a bet?

To: Technologyguy who wrote (319)	10/3/1998 6:44:00 PM
From: EdR	Read Replies (1) \| Respond to of 28311

Technologyguy, <<dilution from the newly registered shares >> My recollection from Acct 101 is that if the shares are registered or not, they are part of the total outstanding number. Any addition to outstanding shares ie: a new issue of stock, would be dilutive to earnings. I think the only effect shares have when they go from non-registered to registered is that there is a potential to add more supply into the equation, not dilution. I believe the shares we are talking about here have been included into the outstanding number prior to the last Q'ly report. Will some accountant on the board check out my reasoning? <<Anybody who is paying attention has already factored that in.>> I agree.... Ed...