Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: WallStreetTips who wrote (6150)	5/25/1999 9:19:00 AM
From: Adam S	Respond to of 28311

I'm posting your post again, only because I almost missed it and think others may have also. (I often skip your posts since they typically tell about your trades of the day.) Broadband potential Allen's investments in broadband technology are also of interest to Datek, Nicoll said. "The broadband aspect to this is very intriguing," Marks said. Allen's cable assets are linked into "a huge swath of households ... If cable winds up winning, (Allen's) got the chance to deliver Datek a pretty significant portion of U.S. households." Vulcan Ventures has a controlling stake in go2net (GNET: news, msgs), which operates the popular Silicon Investor chat site. The fund has also spent $9 billion on Marcus Cable, Charter Communications and portions of InterMedia. "Silicon Investor, together with Datek, could create a pretty powerful financial portal, and then you add all the broadband potential." said Lallos cbs.marketwatch.com

To: WallStreetTips who wrote (6150)	5/25/1999 9:27:00 AM
From: HeatherN	Read Replies (1) \| Respond to of 28311

I think that in times like these it is important to remember that there has been essentially no negative news regarding GNET. It is still undervalued compared to it's peers. It has been acquiring other companies such as IQC charts, an auction site (Haggle) etc. at reasonable values. The influx of cash as well as the involvement of Paul Allen has given GNET a great balance sheet, especially when compared to other 'nuts that continue to lose money. Allen's investments in cable(broadband) and now Datek becomes more valuable for GNET. The momentum players are gone for now, but no doubt will return. As SusanG pointed out several weeks ago, the charts of AOL, YHOO and the rest are similar. We, however, have the advantage as an undervalued, "less mature" company. There is much more room for growth, and with the continued execution of managements plan, there is tremendous upside. I'm not going to "lose site of the forest for the trees." I continue to short term trade other holdings in my portfolio, but this one is staying put. The internet stocks as a whole have tremendous volatility. That is what carried us to $199 as well as brought us back down with the entire sector. GNET, imho, offers significant value in a market sector filled with more hope than reality. HeatherN