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

To: Blue Snowshoe who wrote (6528)	6/1/1999 1:18:00 PM
From: BGR	Read Replies (2) \| Respond to of 28311

50% YOY growth from '99 to '00 at best means a 100 forward PE, giving a price of 43 in September (and a more conservative number in the mid 20's also is not unthinkable). So, if someone takes those earnings numbers to be fairly accurate, selling seems rather justified. However, if GNET beats earnings by three figure margins as it has done in the recent past the situation would be different.

To: Blue Snowshoe who wrote (6528)	6/1/1999 1:37:00 PM
From: Susan G	Read Replies (1) \| Respond to of 28311

Hey Blue! This is from Steve Harmon's Smonthly subscription newsletter today. Go2Net (NASDAQ:GNET) has had a fantastic run since my pick of it 12/31/98. Up 488%. While I think anyone with any sense may want to consider taking some cost basis off the table (with all of these stocks), I think Paul Allen's 30% buy in of GNET (he wanted more)signals a commitment at the level aimed at the future Internet. Allen looks to be assembling a great array of Internet firms/services all these years after his bid for AOL (remember 1995?). Allen may have the last laugh yet as one of the few tech financiers who I believe fully understands that we are not in the mainstream days of the Internet--that this mainstream Internet is coming. That is the real opportunity. We are still in nerd world today. So if you think you've seen it, it's not here yet. That's why Allen agreed to acquire a handful of cable systems to roll into his Charter Comm., making it #4 in terms of users. He also acquired a chunk of online trading firm Datek. Pieces for tomorrow's Internet. What Internet is that? always on, smarter, faster, relevant, globally aware, one which fully uses computing power with instaneous distribution. And it is not buying books.