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


To: Rick Thompson who wrote (1940)3/15/1999 2:18:00 PM
From: M CAHILL  Read Replies (2) | Respond to of 28311
 
Doesn't Paul Allen own ASYM? That sure doesn't look like gold.



To: Rick Thompson who wrote (1940)3/15/1999 2:35:00 PM
From: Technologyguy  Respond to of 28311
 
I agree 100%.
The best part of this deal is that GNET will be the portal for all of Paul Allen's growing team of cable investments and will have all the resources they need to grow quickly and do the e-commerce deals that are the future of the company.



To: Rick Thompson who wrote (1940)3/15/1999 2:35:00 PM
From: Hawkmoon  Respond to of 28311
 
Rick,

I'm so EXTREMELY comforted after reading this news!!! I was sweating it out this morning believing that they might have to restate earnings or something.

Instead, we essentially have the capital the company needs to rapidly expand its presence and marketing effort, and Paul Allen has basically put a floor under the price of the stock at $90/share.

That's what I call support.

Now Allen certainly doesn't have to abide by the $90 rule. He can buy his common stock at market price should he choose. But he has thrown the gauntlet down that he will no tolerate a price below $90.

Someone correct me if I'm incorrect in this assumption.

Bill F. You're thoughts??

Regards,

Ron