A couple points.
GNET float is small and its market cap tiny compared to AMZN. Given the recent growth in e commerce and in particular the success of GNET's growth of hypermart it appears that GNET is cheap relative to other e commerce sites. Also re. number of hits and posts on SI the value of GNET as a e commerce site seems very cheap relative to AMZN ie the more eyes you control the more the value of the site.
GNET - GO2NET INC
Exchange: NASDAQ
Delay: at least 15 minutes
Last Price: 62 1/8 at 16:00 EST
Change: Down 3 7/8 (-5.87%)
High: 71 7/8
Low: 61 at 15:50 EST
Open: 70 3/4
Previous Close: 66 on 3/1
Volume: 1,159,400
30-Day Avg. Volume: 444,000
Shares Outstanding: 11,822,000
52-Week High: 71 1/4
52-Week Low: 6 1/2
Beta: Not Available
Yield: Nil
P/E Ratio: Not Material
EPS: -0.24
Currency Units: US Dollar
market cap as of 3/2 $721,142,000 that is less than a billion
-----------
AMZN - AMAZON.COM INC
Exchange: NASDAQ
Delay: at least 15 minutes
Last Price: 121 5/16 at 16:01 EST
Change: Down 11 11/16 (-8.79%)
High: 135 3/4 at 9:46 EST
Low: 121 1/16 at 15:59 EST
Open: 134 7/16
Previous Close: 133 on 3/1
Volume: 8,304,500
30-Day Avg. Volume: 10,395,000
Shares Outstanding: 158,289,000
52-Week High: 199.12
52-Week Low: 10.62
Beta: Not Available
Yield: Nil
P/E Ratio: Not Material
EPS: -0.84
Currency Units: US Dollar
market cap 19,153,000,000 thats $19 Billion
--------------------------
Regarding the daily volume of GNET and the increase in short interest.
There has only been buying by insiders. I think the volume has increased as the market began to realize the potential GNET offers relative to AMZN others. While the short interest stands at 795,052 as of 2/99 the ratio to cover is 1.93 dats of average volume well below the low of 5.6 seen in 9/98
viwes.com
Go2Net Signs barnesandnoble.com as Exclusive Bookseller for the Go2Net NetworkThursday, February 25, 1999 08:31 AM Mail this article to a friend new!
SEATTLE, Feb. 25 /PRNewswire/ -- Go2Net, Inc. (Nasdaq: GNET), a network of branded, technology- and community-driven Web sites, today announced that it has signed an agreement with barnesandnoble.com, establishing the world's largest online bookseller as the exclusive bookseller for the Go2Net Network ( go2net.com ). Under the terms of the agreement, barnesandnoble.com will be prominently featured across the Go2Net Network and its most popular destinations, including MetaCrawler, Silicon Investor, HyperMart, PlaySite and 100hot. As part of the alliance, Go2Net users will be offered the opportunity to purchase content-relevant books on Silicon Investor, HyperMart and PlaySite.
Additionally, the agreement facilitates a barnesandnoble.com Business
Solutions affiliates program on HyperMart( hypermart.net ), Go2Net's free business hosting service, which currently includes more
than 150,000 small- and medium-sized businesses and is growing at the
rate of more than 15,000 new members per month. Under the Business
Solutions program, barnesandnoble.com will expand its distribution
network by offering HyperMart businesses the opportunity to establish a book commerce area on their respective sites by creating links directly to the barnesandnoble.com Business Solutions homepage. In turn, participating HyperMart affiliates will receive commission for each book sold via their sites. HyperMart members will be able to sign-up for the Business Solutions program on the HyperMart site.
"barnesandnoble.com clearly represents one of the Internet's premier
retail organizations, and we're very pleased to have entered into this
comprehensive relationship for the Go2Net Network," said Russell C.
Horowitz, Go2Net CEO. "We believe this agreement offers a great deal of value to Go2Net users, along with the numerous small- and medium-sized businesses we service via HyperMart. We also feel that Go2Net's rapidly growing base of more than one million sophisticated, Internet-savvy users per day will be of strong value to barnesandnoble.com."
"The Go2Net Network has established itself as one of the Internet's most popular destinations by offering the type of content and services that engender a high degree of loyalty," said Carl Rosendorf, senior vice president, barnesandnoble.com. "We believe there are terrific synergies between what barnesandnoble.com offers and what users of the Go2Net Network have come to expect. We're also looking forward to extending our Business Solutions program to the HyperMart members and making our unique offer available to them and their customers."
Financial terms of the agreement were not disclosed.
About barnesandnoble.com
barnesandnoble.com has the world's largest selection of book titles --
more than eight million. In less than two years, it has become the
fourth largest e-commerce site and among the top 30 overall sites on the Web, according to Media Metrix. The company maintains the largest
standing inventory of any online bookseller with more than 750,000
titles ready for immediate delivery. The site's database features more
than six and a half million out-of-print and rare books, as well as the largest online selection of bargain books discounted up to 90 percent. A powerful search engine, one-click ordering and extensive book reviews and expert commentary provide a fast, convenient and informed shopping experience. Author chats and readers create a growing and personal literary community.
barnesandnoble.com is the exclusive bookseller to America Online (AOL)'s more than 16 million subscribers (Keyword: bn). The company's affiliate network pays the highest commissions with the best linking and best reporting tools, including daily updated sales information, and is the leader in business-to-business e-commerce with its unique Business Solutions program.
About Go2Net, Inc.
Go2Net is a network of branded, technology- and community-driven Web
sites focused on the following categories: personal finance, search,
commerce, and games. The company also develops Web-related software. The Go2Net Network's properties include: Go2Net Personal (
go2net.com ), which provides users with a comprehensive
Internet start page offering customizable news, discussion, and stock
information, as well as direct access to Go2Net's own finance, search,
free Web hosting, shopping and Java multiplayer game sites; Silicon In
vestor ( siliconinvestor.com ), the Web's premier financial
discussion site; StockSite ( stocksite.com ), which offers
proprietary articles, portfolio tracking tools, company research and
news relating to business and finance; MetaCrawler (
metacrawler.com ), a metasearch service that combines various existing search/index guides into one service; 100hot (
100hot.com ), the Internet's premier category-by-category
ranking index of Web sites; HyperMart ( hypermart.net ), the Web's leading provider of free business hosting services; WebMarket ( webmarket.com ), a one-stop comparison shopping service; and PlaySite ( playsite.com ), the Web's premier Java-based multi-player games site. The company's Go2Net Labs division develops innovative technologies to enhance the features and functionality of the Go2Net sites and for licensing to other Internet companies |
