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


To: neverenough who wrote (2017)3/16/1999 12:24:00 AM
From: Scrapps  Respond to of 28311
 
A momentary glitch???



To: neverenough who wrote (2017)3/16/1999 12:26:00 AM
From: tcd  Read Replies (1) | Respond to of 28311
 
guess how many financial networks talked about this deal: CNBC, Nightly Business Report, Wired News, Reuters, etc etc

wired.com

this article brings up another interesting point. GNET is going to go head to head with ATHM - more competition!

bring it on.



To: neverenough who wrote (2017)3/16/1999 4:49:00 AM
From: KJ Duke  Read Replies (2) | Respond to of 28311
 
GNET at $113 is a great risk/reward scenario. Risk profile - Paul Allen will buy my shares at $90, I've got downside of 20% (probably less than just about any Internet company in the market; I generally assume that any Internet co could drop 30%-50% in a short period of time).

Reward profile - GNET looks increasingly like a cross between XCIT and CMGI. If mgt uses new capital to build brand equity and make smart acquisitions, thereby expanding its user base significantly and building a portfolio of "sticky" sites, its market value could expand at an extraordinary pace. I think this could finally be the event that wakes people up to the vision of mgt and the potential for GNET to be a major, broad-based competitor, rather than just an "interesting niche player", which seems to the standard knock from Wall St.

Market comparables based on where GNET is heading, suggest a market cap of $3-$5 billion, or a stock price in the $200-$300 range. So in my mind, from Monday's closing price:

Upside = 75%-150%
Downside = 20%