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To: Susan Saline who wrote (18196)	1/3/1999 10:09:00 AM
From: Larry S.	Respond to of 53068

Float: - Susie - i went to yahoo, put in INSP, then when i got the quote, i clicked on Profile. that gave me the following: Price and Volume (updated Dec 31, 1998) 52-Week Low $19.50 Recent Price $38.125 52-Week High $52.00 Beta N/A Daily Volume (3-month avg) 364.8K Share-Related Items Market Capitalization $766.9M Shares Outstanding 20.1M Float 5.00M hope this helps. larry

To: Susan Saline who wrote (18196)	1/3/1999 10:18:00 AM
From: DanZ	Respond to of 53068

INSP. Sue, According to Ameritrade's research site, INSP has 20.12 million shares outstanding and only 5.00 million in the float. This is a very small float and could easily account for the volatility given that it is also an "Internet" stock. Here is some other information on the company for those that are interested. InfoSpace.com, Inc. is an aggregator and integrator of content services that it syndicates to a network of affiliates, including existing & emerging Internet portals, destination sites and suppliers of PCs and other Internet access devices. For the 9 months ended 9/30/98, revenues totaled $5.4M, up from $932K. Net loss totaled $3.6M, up from $366K. Results reflect expansion of the Company's affiliate network, offset by a $2.8M write-off of R&D. 52 week high: 52 52 week low 19 1/2 Average daily volume 380,000 Financial liquidity Current ratio: 5.62 Quick ratio: 4.33 Valuation ratios Price/Earnings: NM Price/Sales: 76.0 Price/Book: 27.9 Price/Cash Flow: 207.2 Per Share Data Earnings: -0.29 Sales: 0.50 Book value: 1.37 Cash flow: -0.18 Cash: 0.68 Management effectiveness ROE: -24.2 ROA: -21.5 ROI: -24.2 Profitability Gross margin: 79.3 Operating margin: -60.9 Net margin: -59.6 My read on the fundamentals: The company is highly liquid and has sufficient cash and working capital to continue operations for the foreseeable future. The big drop between gross margin and operating margin is primarily due to their large investment in marketing and higher G&A expenses. Without reading through the earnings releases, I don't know why G&A increased 50% last quarter but it is also probably related to adding more personnel for marketing and/or increasing the size of their infrastructure to handle their sales growth. The company's revenues are increasing at a rapid rate. This is a young company in a hyper-growth state and might be one reason why the market is giving it such a high valuation based on P/E, P/S, and P/B. I'd give the chart more weight than the fundamentals because the company hasn't been around long enough to establish a track record that is sufficient enough to rely on. Their sales trend looks very good but eventually they need to figure how to make money.