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

To: Technologyguy who wrote (6134)	5/24/1999 11:09:00 PM
From: BradleyMarshall	Respond to of 28311

When everyone is convinced a stock can only go down, the only way it can move is up. Why? Anyone who might have sold would have already. Today seemed like a panic day. If it wasn't, tomorrow could be ugly, but I think we'll see the bargain hunters move in soon to set a floor. One thing I've noticed is that a lot think that GNET's main attribute is SI. I think SI/IQC/StockSite is GNET's second strongest brand behind Hypermart/VirtualAve/USAOL/Haggle. Why. They will be controlling e-commerce for what is currently 300,000 small businesses and could hit a million within two years (adding 1,000 businesses/day). When all is said and done, the online merchants who rake in the profits will be the "toll collectors" like GNET and EBAY. By putting them up and taking a small chunk of revenue, GNET gets 300,00 advertisers for its commerce site and free warehouse/distribution. They are also focusing on a B-to-B commerce system based on Haggle. B-to-B should be far bigger than consumer commerce. Another unique thing about internet companies is that their sky high valuations allow them to grab up smaller competitors with very limited share dilution, a technique GNET has used with aplomb. GNET relatively high market cap should allow it to compete in the internet "land grab" that will take place over the next few years that has already started (YHOO, BCST, GEOCities; @Home, EXCITE). What I like about GNET's strategy is that they've focused on private companies which are infinitely cheaper due to the I-net IPO effect.