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

To: GraceZ who wrote (5116)	5/5/1999 5:39:00 PM
From: GlenS	Read Replies (2) \| Respond to of 28311

This is an article I found on MSN Money Central by Craig Columbus Finding the bargains Here is my list of stocks that insiders have not wanted to part with over the last six months. What is particularly impressive is the fact that several of the stocks have enjoyed terrific performance -- the kind that typically leads to insider profit-taking. With the recent weakness in the group, now seems like a reasonable time to look for some "bargains" (not exactly the kind defined by Mr. Buffett) among the Internet names. Go2Net (GNET), the owner of a network of popular sites, reported better-than-expected second-quarter results last week and announced another 2-for-1 stock split. The company declared a similar split in February. Perhaps most importantly, Go2Net is backed by the deep pockets of Microsoft (MSFT) co-founder Paul Allen. (Editor's note: Microsoft owns and publishes MSN MoneyCentral.) Allen's cable concern, Vulcan Ventures, has bet heavily on Go2Net, pledging to invest up to $750 million. My big problem with a lot of Internet stocks is not "valuation" -- the market always sorts that out. The real problem lies in the fact that many of these companies are going to hit the wall in terms of operating capital. You can make acquisitions all day long with inflated shares, but there are only so many times you can tap the public markets for capital. I read a great quote somewhere: "The most expensive thing you will ever buy is money." By having Allen in their corner, Go2Net looks like it can go the distance on executing a longer-term strategy. Just copied the good stuff. :) sorry if it was all ready posted. long GNET