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

To: Charlie Schultz who wrote (2118)	3/17/1999 6:52:00 AM
From: nord	Read Replies (3) \| Respond to of 28311

"Just when you thought the top 10 Web sits in the world dominated the deal action this agreement vaults Go2net into the same cash league as Yahoo, with a great partner in Allen, who owns cable, motion picture and Internet interests." Paul Allen is obviously a bright guy. He buys stock from insiders and gives cash infusion....the hooker he offers to buy shares in tender offer at $90/share when the stock was trading in mid 80's. Why? He must of known the stock would pop. The shares he bought from insiders just appreciated 50%. Does he want to own a controlling interest? Will he pull the offer if not enough stock is offered at what is now a discount to market or will he, is he buying shares on the open market. The number of shares traded relative to the float of the company have been huge. My bet is he was well aware of the stock price pop that would result and has a plan to gain the controlling interest. The value of GFNET remember we just got a huge cash infushion when you factor that into stock price over small float and the fact that he obviously gets all the assets of GNET including a browser. Now what is a company with hundreds of millions in the bank an owner with ties to the cable assets of Vulcan worth? I think for the non trader that he got a great deal and will likely buy stock on the open market to gain a contolling interest in the company. Regards Norden