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

To: jon zachary who wrote (5347)	5/9/1999 12:58:00 PM
From: RTev	Respond to of 28311

It strikes me that it's best for a company if at least one or two of its outside directors present a contrary voice, or at least a cautionary voice. The worst kind of outside director is one who believes that management is nearly godlike in its wisdom, someone who will never question or challenge management. GNET's strategy for growth is both to build from what it has and to buy companies. But that buy strategy is inherently risky. When GNET uses its stock to buy another company, we all run the risk of dilution of value unless the purchased company is worth what they're paying for it. When the board is asked to approve a purchase, we should all hope that they'll be conservative in their valuation of aquireree. We should hope that they will look at all the risks associated with that company. What we shouldn't want is a cheerleader -- someone who would accept just about any price for a company without questioning its fundamental value. It strikes me that Fleckenstein is an ideal choice for the GNET board at this moment in the company's history since he could provide balance and insight as the company continues its stock-funded purchases.