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

To: robert duke who wrote (6336)	5/28/1999 9:18:00 AM
From: The O	Read Replies (1) \| Respond to of 28311

I was watching the story on moneyline last night re: Paul Allen's wired world. There were also stories on bloomberg and cnbc. Each story mentioned gnet as the center of this world, and had people on confirming this. Right now I wish I had the balls to buy more because I know that this is a short term downward trend. We are now getting the press we all dreamed of, but the stock sits there or goes down. Obviously it is a market downturn, but you gotta think that gnet was at 87 when the PA deal was announced. You cant tell me that 300 million in investment and links to one of the fastest growing cable/internet/financial/media/sports/software etc..etc empires is only worth 5-6 points to the stock. This is getting a little ridiculous. People need to wake up and get back in SOON, and I think they will. This is really an opportunity to get into the internet craze that many missed in the first rally. O

To: robert duke who wrote (6336)	5/28/1999 9:28:00 AM
From: WallStreetTips	Read Replies (1) \| Respond to of 28311

GNET >>> Paul Allen's Cable company will now be the 4th largest Thursday May 27, 6:07 pm Eastern Time Paul Allen Buying Another Cable Co. By SETH SUTEL AP Business Writer NEW YORK (AP) -- Striking his second cable TV deal in two days and fourth in a week, Microsoft (Nasdaq:MSFT - news) co-founder Paul Allen said today he's buying Denver-based Fanch Communications. No price was disclosed for privately held Fanch, which will put Allen's Charter Communications squarely in the No. 4 spot in the U.S. cable industry, behind AT&T (NYSE:T - news), Time Warner and Comcast (Nasdaq:CMCSK - news). Fanch has about 547,000 subscribers, boosting Charter's base of subscribers to about 5.5 million. Like AT&T, which in less than a year has agreed to buy two of nation's the four biggest cable companies, Allen is hoping to use cable TV wires as pipelines for super-fast Internet access, phone service, and digital television. The Fanch deal comes a day after Charter said it was buying Falcon Communications of Los Angeles for $3.6 billion and just a week after Charter said it was buying two smaller cable operators. Those deals are part of cable spending spree that began a year ago with Allen's $2.8 billion purchase of Marcus Cable, then the nation's largest privately held cable operator. Then, in July, he paid $4.5 billion for Charter, which is now the umbrella company for his cable properties. In all, St. Louis-based Charter has purchased a dozen cable companies over the past year, spending almost $13 billion, excluding the amount paid for Fanch. Terms of the Fanch purchase weren't released, but based on the price of $3,600 per subscriber Charter paid for Falcon, the Fanch acquisition would cost Charter at least $1.9 billion. Allen, who co-founded Microsoft with Bill Gates in 1975, is the third wealthiest American, thanks mainly to his Microsoft shares. Forbes Magazine has estimated his personal wealth at $22 billion. Allen also has been amassing a portfolio of high-tech and entertainment companies under his holding company, Vulcan Ventures, in hopes of providing high-speed interactive services. Vulcan's other holdings include an Internet portal site called Go2Net, which offers personal finance and commerce features, and High Speed Access Corp., a provider of Internet access over cable TV lines. Allen also owns two professional sports teams -- the Seattle Seahawks of football and the Portland Trail Blazers of basketball -- which could save Charter money by eliminating the licensing fees that programmers usually pay to sports franchises. ______________________________________________________________________ Above news is good as it will help GNET in my opinion.

To: robert duke who wrote (6336)	5/28/1999 11:33:00 AM
From: Lizzie Tudor	Read Replies (6) \| Respond to of 28311

Didn't anybody here see the Vulcan Ventures president on Moneyline with Lou Dobbs last night? (I forgot his name, a young blonde guy) A very interesting interview I thought. I perused this thread and no one seems to have seen it. They displayed 4 logos of Allens prominent companies on screen and go2net was one of the 4 along with Datek, an interesting choice because Allen has larger holdings. I am looking for any clue that Allen will link up gnet with the cableco's... nothing yet but maybe its coming. Lou Dobbs referred to go2net as GOTO.com... this is getting kindof annoying, hopefully some differentiation will start to occur and people will discover the difference between go, goto and go2net (not counting on it though). There was an interesting discussion about bandwidth. He said at the dawn of utilities, electricity was used for lighting only in the home. Then of course usage was expanded and now lighting is a very small part of electric use. Thats the way Vulcan sees bandwidth. Right now it powers the internet via PCs but its use is expanding. I for one love those analogies with the industrial age, they really put things in perspective in my mind (no kidding). Michelle