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


To: Keith Howells who wrote (4850)4/28/1999 5:31:00 PM
From: Out_of_the_Trap  Respond to of 28311
 
With all respect Keith, it was $90.

Hang in there, this company is only in a resting period. Has more than doubled in the past 60 days and I expect 200 very soon.

OT



To: Keith Howells who wrote (4850)4/28/1999 5:55:00 PM
From: Josef Svejk  Respond to of 28311
 
Humbly report, Keith, as I understand it, at the time of negotiation with Paul Allen, GNET was trading below $90.

In my humble opinion, MH's question missed the heart of the matter - completely.

Cheers,

Svejk
proofsheet.com



To: Keith Howells who wrote (4850)4/28/1999 5:58:00 PM
From: Technologyguy  Read Replies (1) | Respond to of 28311
 
Why sell shares to Paul Allen?
Gee, how about to have access to $300 million in cash to allow the company to grow exponentially and compete with the top tier of Internet companies? How about to be interlinked with Allen's growing cable holdings, giving GNET otherwise impossible synergy? How about to add highly competent people to the board of directors, broadening GNET's perspective and possibilities.

GNET insiders are holding on to their shares because they believe they are creating a company that will compete successfully for years to come. They have confidence in what they are doing and their business plan. So do I. (Long since $7 pre-split and holding.)