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

To: Peter Blanchard who wrote (2143)	3/17/1999 9:20:00 PM
From: Richard Bunker	Read Replies (2) \| Respond to of 28311

As for Paul Allen's tender offer, the way I interpret it is this; a) He paid $90 per share to the management for the part of their holdings that be bought. b) He could not be certain how the market would react, or if there would be a general market downturn etc. c) He felt that it would be a grave disservice to individual investors to give management $90 per share and then watch their investments fall to a lower level than that. d) He made the $90 tender offer to set a price floor for the individual investors in the stock. e) The price jumped up nicely on the news, he never really wanted all of that other stock, he felt comfortable that nobody was getting screwed, so he withdrew the tender offer. Your thoughts? Rick.