Blucora, Inc. (BCOR)

[rudy-carter]

November INSP Events - these events have a dial in number so you can hear the presentation - normally you have to register and then you hear the presentation and see the slides as the attendees do - put the dates on the calendar if your interested - Personnally - I look for the end of the presentation to hear the questions from the analysts.
http://www.infospaceinc.com/corpinfo/press/events.php

[rudy-carter]

InfoSpace sets higher results, outlook
By Carla Mozee, CBS MarketWatch
Last Update: 5:55 PM ET Oct. 25, 2004

SAN FRANCISCO (CBS.MW) -- Shares of InfoSpace Inc. rose in after-hours trading Monday after the Internet search-services provider reported a better-than-expected jump in quarterly earnings and lifted its expectations for the rest of the year.

Shares of InfoSpace (INSP: news, chart, profile) changed hands at $54.30, up from $53.76 its the regular session.

InfoSpace reported third-quarter earnings of $13.4 million, or 37 cents a share, compared with $1.6 million, or 5 cents a share, a year ago. Sales jumped 115 percent to $67.2 million from $31.2 million last year.

Analysts surveyed by Thomson First Call expected the company to ear 25 cents a share on sales of $62 million.

Revenue from its search and directory division rose 77 percent to $42 million, reflecting growth in its online search business and revenue from Switchboard, a Web-based directory business it acquired in the first quarter.

InfoSpace said revenue from its mobile division increased 343 percent to $25.1 million as its media=download business grew. The mobile division was 28.5 percent of total third-quarter revenue, it said.

The Bellevue, Wash.-based company increased its fourth-quarter revenue outlook to $71 million to $73 million, compared with analysts' estimate of $69 million. It projected earnings of 38 cents a share, vs. Wall Street's consensus estimate of 30 cents a share.

InfoSpace also increased its 2004 revenue outlook to $241 million to $243 million and sees earnings of $1.27 a share. It increased its forecast for earnings from continuing operations to $46 million from its previous view of $36 million to $40 million.

Analysts were expecting earnings of $1.08 a share on revenue of $234 million.

[rudy-carter]

Mobile Gaming on Cell Phones are you IN?
http://www.gamespot.com/features/6094611/index.html?tag=gs_lnav_intromobile

[rudy-carter]

Raymond James Report on INFOSPACE - READ
http://beacon1.rjf.com/researchpdf/INSP092804ioc_1529.pdf

[rudy-carter]

IBM and INSP - partnership READ ON
===========================================
from IBM WEB Site -
http://www.ibm.com/news/us/2003/02/182.html
===========================================

News

IBM builds momentum for open standards-based wireless infrastructure
IBM has announced new solutions to help customers more efficiently deploy and support wireless services across a range of networks and devices.

The announcement continues IBM's push to establish an open standards-based infrastructure designed to reduce wireless implementation costs, speed the deployment of new services and accelerate revenue generation for enterprises and service providers.

Recognizing that most companies today are faced with a complex environment of multiple data sources, residing in multiple systems, that need to be accessible across multiple networks and devices, IBM is extending its software and services portfolio by supporting the establishment of an open and advanced enterprise reference architecture supported by customer integration labs. The reference architecture and associated solutions will help businesses dynamically extend information to disparate devices, reducing the time and costs associated with deploying new wireless applications, and extending the benefits of e-business on demand to mobile users.

"Historically, standardization has been the key driver for growth in nearly every industry on the brink of mass adoption," said Rod Adkins, general manager of IBM's pervasive computing division. "The wireless industry is following a similar evolution. Our announcements today are designed to address this evolution by providing customers with the ability to choose between a wide range of technology providers and freeing them from reliance on any single company."

Continuing the company's focus on enterprise mobility, the new IBM Wireless Enterprise Delivery Environment creates a framework for the interconnection of wireless networks and enterprise systems and details the horizontal infrastructure required to provide a common development and deployment platform that helps companies to cost-effectively and rapidly support new applications -- such as mobile sales and field force automation, e-mail access, asset monitoring, supply chain management and mobile commerce -- as well as new devices and networks. IBM plans to support the platform with the establishment of two Wireless Enterprise Labs, one in Raleigh, North Carolina, and one in LaGaude, France, that will implement the Wireless Enterprise Delivery Environment using IBM and its business partners' software and hardware components. The labs will be open to IBM business partners as a testbed to integrate components into wireless solutions based on the Wireless Enterprise Delivery Environment. Created specifically for the enterprise market, the Wireless Enterprise Delivery Environment is linked tightly with IBM's successful Service Provider Delivery Environment (SPDE)(TM), an open standards-based framework designed to give mobile and fixed network operators the flexibility to introduce new revenue generating services to their customers faster, easier and at lower cost.

In addition, new wireless solutions announced today that add to IBM's pervasive computing portfolio include:

Utilizing IBM's Wireless Enterprise Delivery Environment and WebSphere infrastructure software and the range of Nokia's business terminal platforms, IBM and Nokia will demonstrate standards-based solutions designed to give companies an effective way to mobilize their business processes and enable a wide array of reliable, scalable and secure wireless enterprise solutions, such as access to e-mail and calendar synchronization. The solutions will be demonstrated at the 3GSM World Congress this week. The companies also announced that they intend to develop and implement joint solutions across a range of Nokia business terminals, including the Nokia 6800, as well as Symbian-based devices like the Nokia 9210i Communicator and the Nokia 7650. IBM also announced that it intends to develop and deploy its WebSphere Everyplace Access client for the Symbian platform.

An agreement with Sony Ericsson to provide secure end-to-end solutions using advanced mobile handsets. The collaboration is designed to accelerate business usage of advanced mobile handsets bringing secure, reliable and scalable solutions to customers wishing to exploit the benefits of corporate mobility and increase productivity in mobile work environments, such as field and sales force applications.

An end-to-end middleware solution with Wavecom that offers enterprise users and network operators a simple, rapid and more efficient connection between different machines across the I/T ecosystem. The new standards-based solution embeds IBM's MQIsdp messaging protocol directly onto the Wavecom Wireless Module helping data coming from handsets and other devices to be transformed to match the data requirements of other enterprise mobile applications. These wireless modules can then be integrated into a wide range of devices, whether vending machines, electricity meters or industrial appliances. Customers can realize a greater return on their IT investment from a solution that is designed to enable machines to rapidly network with applications at the application level without requiring extensive reprogramming or systems administration.

An end-to-end solution based on Alcatel's GPRS, WLAN and ADSL access solutions, running on IBM WebSphere and Lotus software, which will provide mobile workers in enterprises access to back end applications from their laptops or PDAs over multiple networks with seamless services continuity. This capability will be demonstrated at 3GSM at Alcatel's booth. Connecting with IBM's Wireless Enterprise Lab in La Gaude, Alcatel's 3G Reality Centres, a worldwide program launched by Alcatel, integrate key players along the entire mobile value chain to foster timely availability and interoperability of mobile multimedia services, accelerating the development of a mobile centric ecosystem.

Collaboration with SFR to provide enterprises with a wireless e-business solution combining SFR's GPRS data offering and IBM's WebSphere Everyplace Connection Manager to provide seamless cross-network roaming that allows mobile users to switch between a wired network and GPRS without having to restart applications. The solution provides industry-leading security, data flow optimization, and improved session stability over wired and wireless networks.

Collaboration with isMobile, an IBM business partner providing a mobile field force automation application suite based on IBM middleware and servers, and Midray, a Debitel company in the Swisscom Group which provides mobile services to the business market over networks from a number of mobile network providers, including Vodafone and T-Mobile. The isMobile Bla Coordinator suite enables companies with mobile workforces to increase their service efficiency and to reduce their work order cost. Initially aimed at the German market, the Midray service is planned to also become available in other European countries.

The availability of IBM's Lotus Domino Everyplace Access Server and Lotus Sametime Everyplace on Palm's newly announced PalmTungsten(TM) W handheld. With carrier activation, the data-centric Tungsten W handheld provides users with a sophisticated combination of wireless email, SMS messaging, Internet browsing, phone functionality, and business applications on GSM(TM)/GPRS networks. IBM's WebSphere Everyplace Access will also soon be available as a mobile client on Palm handhelds, enabling customers to manage and extend back-end systems, applications and data to deliver enterprise solutions to mobile users.

IBM also made several announcements for the service provider market leveraging components of the IBM Service Provider Delivery Environment, including:

Extensions to the existing IBM Rapid IP Services for e-business Solution (WebSphere Everyplace Subscription Manager, WebSphere Business Integration for Telecommunications, DB2 and WebSphere Portal) to address service provider needs in delivering public wireless LANs. These extensions will provide authentication and management integration with access controllers and pre-paid options like credit cards, vouchers and scratch card support with business partners. WebSphere Everyplace Subscription Manager is highly scalable and capable of supporting access for millions of subscribers. By leveraging this solution with WebSphere Connection Manager, subscribers can roam between wireline (ie, ethernet, DSL) connections, public wireless LAN hot spots and existing public wireless connections (i.e., 3g, GPRS, GSM) without losing the existing session. Self care is an important component of this solution, helping service providers reduce operational expense and increasing efficiency.

The first integrated WAP 2 platform based on Openwave's Mobile Access Gateway 6 and core IBM middleware. By combining WebSphere Application Server, WebSphere Portal, DB2 database software, pSeries e-Servers and storage, operators have the ability to drive lower costs and faster product cycle times. The two companies are also demonstrating joint solutions for downloading mobile content and generating multi-channel, permission-based campaigns. Customers will now be able to rapidly automate their wireless marketing programs, branded through third parties, personalized by segment and optimized for various handsets.

The launch of an on demand wireless e-business solution with Smartner that runs on IBM WebSphere Everyplace middleware and IBM servers, enabling wireless service providers and their customers to reduce the total cost of ownership for mobile office solutions by benefiting from simple, rapid deployment, highly scalable and cost-effective mobile access of their e-mail servers from a variety of devices like mobile phones, PDAs, and laptops. The server portion of Smartner Office Extender, which supports mobile access to Lotus Domino, Microsoft Exchange and POP3 mail servers, can be hosted by service providers, or in an IBM e-business Hosting Center on behalf of the service provider. A range of IBM services are available to support the deployment of Smartner Office Extender. The solution has already been deployed by a number of European wireless service providers, including Vodafone Ireland.

"------------------------------------------------------
LOOK HERE
------------------------------------------------------"

A solution to be developed with InfoSpace that targets the mobile professional by unifying general and vertical industry information services, navigation and other location based services, and availability management services, including email, personal information management, alerting and notification, and instant messaging, into a single offering that delivers these capabilities to mobile phones. The solution will include InfoSpace's managed service offering for mobile push-messaging, Websphere Portal running at the wireless carrier and Websphere Everyplace Access running at the enterprise behind its firewall interfacing to Lotus Notes or other enterprise information systems. The integration, flexibility and security built into this offering, combined with its availability on mobile phones and instant alerting capability via push-messaging standards, will create a powerful entry with significant advantages over niche offerings that have been available only on PDAs. This offering allows wireless service providers to sell new value added data services to enterprise customers which is a top business imperative as they look to drive revenue.

In support of WebSphere Telecom Application Server, IBM has established the Developer Center for Telecom and e-business, where IBM Business Partners can leverage IBM technical expertise and development facilities, test applications in a network environment before releasing them, and explore new channels for products. This opportunity is available exclusively to members of PartnerWorld for Developers, the developer resource for IBM Business Partners. And to support the growing number of opportunities for Parlay in Europe, the Developer Center for Telecom and e-business will be also be extended to the IBM Mobile Solutions Lab in Helsinki, Finland. In addition, a Rapid Porting team has been established to accelerate application ports to WebSphere Telecom Application Server.

The new solutions announced today add to a portfolio that includes software that extends IBM's popular WebSphere platform to smart machines, wireless devices and networks, and solutions that enable enterprises to deploy applications and data to mobile workforces. The company has built a services force of 10,000 wireless consultants, and in June 2002 was highlighted by International Data Corporation as "by far the leading provider of mobile and wireless professional services." Through an innovative wireless ROI tool based on thousands of customer engagements, the company is helping customers achieve higher productivity from the deployment of wireless solutions. The announcements also build on IBM's continued momentum of aligning with strategic industry players across the pervasive computing ecosystem. Through its pervasive computing division, IBM provides the flexibility for the on demand era, extending the infrastructure to new devices and new forms of interaction.

[rudy-carter]

INSP moved up their CC - NUMBERS will be GOOD!!!
http://biz.yahoo.com/bw/041014/145236_1.html

The business company just does not do this - IBM did it once -
now INSP is doing it - WATCH OUT ABOVE!!!!

[rudy-carter]

YAHOO just posted strong numbers for search - wait until the street see's INSP numbers in 14 days!!!

[rudy-carter]

HOT Property the space - !!!!!!
http://biz.yahoo.com/ibd/041008/newamer_1.html
------------------------------------------------
Search, Mobile Markets Help Internet Firm Bounce Back
Friday October 8, 7:00 pm ET
Pete Barlas


InfoSpace is a rarity in this post-dot-bomb world: an Internet company with a healthy share price and bottom line.
It can thank strong performances from its two main businesses.

One is search and directory, which helps Web users find information, merchants and products online.

The other is its mobile division, which develops tools that let wireless carriers and other clients develop and deliver mobile data services across multiple devices.

Business on both fronts has been good enough to help InfoSpace (NasdaqNM:INSP - News) move back into profitability after three straight years of red ink.

First Call analysts expect the firm to earn $1.08 a share this year, up from a 20-cent loss in 2003.

Wall Street has taken notice, pushing InfoSpace's stock price to a 52-week high of 52.40 on Oct. 4 before a recent slump pushed shares closer to 47.

"The stock has performed very well because people are starting to appreciate that they are in the search business, but they also appreciate that this mobile business has some legs to it," said Wedbush Morgan Securities analyst Scott Sutherland, who owns shares of InfoSpace.

Searching For More Business

InfoSpace operates three search engines: Dogpile, Metacrawler and Webcrawler.

Most of its revenue comes from licensing its Web search service to other sites that want to provide consumers with the ability to search the Internet.

InfoSpace's search customers include ABCNews and Fox News. It also provided search for NBC's Web site during this year's Summer Olympics.

The company has agreements with more than 75 clients. It splits revenue from ads with each site owner. Its search partnerships accounted for 60% of its search revenue in the second quarter vs. 5% the prior year, analysts say.

"They have a compelling offering to other Web sites who want to get their users a search functionality and also get extra revenue," said analyst Stewart Barry of Think Equity Partners.

InfoSpace has cashed in on the fact that most Web sites don't have their own search engine, says Chief Executive Jim Voelker.

"Search has become more of an important activity, second only to e-mail," he said. "There are many high traffic Web sites out there where search is not their core competency, so it's been a strong growth area for us over the course of the last year."

InfoSpace's search operates differently from high-profile peers Google (NasdaqNM:GOOG - News) and Yahoo (NasdaqNM:YHOO - News).

Instead of creating its own search index, it draws its results from several search engines -- including Yahoo and Google. InfoSpace collects the results and puts them in front of the consumer as its own list of results.

Yahoo and other search engines are willing partners. That's because InfoSpace gives them access to more consumers, says Sasa Zorovic, analyst for investment bank Oppenheimer & Co.

"If the user clicks on an ad on Yahoo, then some of the revenue goes to Yahoo, and InfoSpace at least has a chance to get some of the business," he said.

InfoSpace increased its focus on search earlier this year by acquiring Switchboard, a search company, for $160 million in cash.

Switchboard, which provides local search services, helps consumers connect online with small businesses in their hometowns. The deal gave InfoSpace an entry into local search, one of the fastest growing segments of the search market.

Big Potential Payoff

InfoSpace and its peers are chasing business in the paid search market. With paid search, advertisers pay to have their names listed among search results. They pay only when a consumer clicks on their ad.

In the last two years, paid listings helped turn around a moribund ad market. They also reversed the financial fortunes of search companies like InfoSpace that get most of their revenue from ads.

By 2009, the paid listings market in the U.S. will reach $4.9 billion, up from $1.7 billion last year, says market tracker Jupiter Research.

Meanwhile, InfoSpace continues to tweak its overall lineup of products. In the last two years the company has divested several businesses. The last to go was Authorize.net, an online payment processing firm InfoSpace sold for $82 million earlier this year.

InfoSpace kept its wireless business, but has made changes to it in the last year. The company started out selling a software platform to wireless companies that lets consumers get information such as stock quotes and sports scores on mobile phones.

When that business didn't take off right away, InfoSpace expanded its strategy. It began selling ring tones -- the jingles that sound off when somebody dials a cell phone.

InfoSpace entered the business last year after spending $25 million to buy Moviso, a mobile media company. InfoSpace sells packages of ring-tones to wireless carriers.

The company is expected to post wireless sales of $25 million in wireless sales. Over 75% will come from its ring-tone business, analysts say.

That market is growing. By 2009, the number of ring-tone downloads in the U.S. alone will reach 767.4 million vs. 71.1 million last year, says market tracker International Data Corp.

In July, InfoSpace again beefed up its wireless business by acquiring Atlas Mobile, which provides multi-player tournament games on wireless phones.

InfoSpace is trying to carve a niche among wireless consumers who will rely on mobile devices for doing more than making phone calls, analyst Sutherland says.

"It's not just ring tones -- it's going to be graphics, screen savers and games," he said. "As that population ages, you will see a slow migration into user adoption."

[rudy-carter]

IBD report // from Raging Bull poster:
Dan..., brief mention of ring-tone $$$ in yesterday's IBD paper. I'm still interested in INSP even though the market scared me out a few days ago. Took my profits from the small number of shares I had. Want back in @ a lower price if that happens again. Good luck.

Investor's Business Daily
Search, Mobile Markets Help Internet Firm Bounce Back
Friday October 8, 7:00 pm ET
Pete Barlas

InfoSpace is a rarity in this post-dot-bomb world: an Internet company with a healthy share price and bottom line.
It can thank strong performances from its two main businesses.

One is search and directory, which helps Web users find information, merchants and products online.

The other is its mobile division, which develops tools that let wireless carriers and other clients develop and deliver mobile data services across multiple devices.

Business on both fronts has been good enough to help InfoSpace (NasdaqNM:INSP - News) move back into profitability after three straight years of red ink.

First Call analysts expect the firm to earn $1.08 a share this year, up from a 20-cent loss in 2003.

Wall Street has taken notice, pushing InfoSpace's stock price to a 52-week high of 52.40 on Oct. 4 before a recent slump pushed shares closer to 47.

"The stock has performed very well because people are starting to appreciate that they are in the search business, but they also appreciate that this mobile business has some legs to it," said Wedbush Morgan Securities analyst Scott Sutherland, who owns shares of InfoSpace.

Searching For More Business

InfoSpace operates three search engines: Dogpile, Metacrawler and Webcrawler.

Most of its revenue comes from licensing its Web search service to other sites that want to provide consumers with the ability to search the Internet.

InfoSpace's search customers include ABCNews and Fox News. It also provided search for NBC's Web site during this year's Summer Olympics.

The company has agreements with more than 75 clients. It splits revenue from ads with each site owner. Its search partnerships accounted for 60% of its search revenue in the second quarter vs. 5% the prior year, analysts say.

"They have a compelling offering to other Web sites who want to get their users a search functionality and also get extra revenue," said analyst Stewart Barry of Think Equity Partners.

InfoSpace has cashed in on the fact that most Web sites don't have their own search engine, says Chief Executive Jim Voelker.

"Search has become more of an important activity, second only to e-mail," he said. "There are many high traffic Web sites out there where search is not their core competency, so it's been a strong growth area for us over the course of the last year."

InfoSpace's search operates differently from high-profile peers Google (NasdaqNM:GOOG - News) and Yahoo (NasdaqNM:YHOO - News).

Instead of creating its own search index, it draws its results from several search engines -- including Yahoo and Google. InfoSpace collects the results and puts them in front of the consumer as its own list of results.

Yahoo and other search engines are willing partners. That's because InfoSpace gives them access to more consumers, says Sasa Zorovic, analyst for investment bank Oppenheimer & Co.

"If the user clicks on an ad on Yahoo, then some of the revenue goes to Yahoo, and InfoSpace at least has a chance to get some of the business," he said.

InfoSpace increased its focus on search earlier this year by acquiring Switchboard, a search company, for $160 million in cash.

Switchboard, which provides local search services, helps consumers connect online with small businesses in their hometowns. The deal gave InfoSpace an entry into local search, one of the fastest growing segments of the search market.

Big Potential Payoff

InfoSpace and its peers are chasing business in the paid search market. With paid search, advertisers pay to have their names listed among search results. They pay only when a consumer clicks on their ad.

In the last two years, paid listings helped turn around a moribund ad market. They also reversed the financial fortunes of search companies like InfoSpace that get most of their revenue from ads.

By 2009, the paid listings market in the U.S. will reach $4.9 billion, up from $1.7 billion last year, says market tracker Jupiter Research.

Meanwhile, InfoSpace continues to tweak its overall lineup of products. In the last two years the company has divested several businesses. The last to go was Authorize.net, an online payment processing firm InfoSpace sold for $82 million earlier this year.

InfoSpace kept its wireless business, but has made changes to it in the last year. The company started out selling a software platform to wireless companies that lets consumers get information such as stock quotes and sports scores on mobile phones.

When that business didn't take off right away, InfoSpace expanded its strategy. It began selling ring tones -- the jingles that sound off when somebody dials a cell phone.

InfoSpace entered the business last year after spending $25 million to buy Moviso, a mobile media company. InfoSpace sells packages of ring-tones to wireless carriers.

The company is expected to post wireless sales of $25 million in wireless sales. Over 75% will come from its ring-tone business, analysts say.

That market is growing. By 2009, the number of ring-tone downloads in the U.S. alone will reach 767.4 million vs. 71.1 million last year, says market tracker International Data Corp.

In July, InfoSpace again beefed up its wireless business by acquiring Atlas Mobile, which provides multi-player tournament games on wireless phones.

InfoSpace is trying to carve a niche among wireless consumers who will rely on mobile devices for doing more than making phone calls, analyst Sutherland says.

"It's not just ring tones -- it's going to be graphics, screen savers and games," he said. "As that population ages, you will see a slow migration into user adoption."

[rudy-carter]

took a nice hit today down $4 per share - but the fundamentals have not changed - an analyst cited yr 05 can not substain growth - well mark this post - not only will this growth continue but it will be up another 10 % above their estimates -
YAHooooooooooooooooo it will be a ride of a lifetime

[rudy-carter]

Music Content and Mobile - cell phones
http://www.insidedigitalmedia.com/
and INSP-- holy molely

[rudy-carter]

Music Content Award - best inclass 2004
http://biz.yahoo.com/bw/041005/55436_1.html

[rudy-carter]

triple digit club --yea ha
http://money.cnn.com/2004/10/04/technology/double/index.htm

[rudy-carter]

Future of the Web (Education) and the space will be there!!!
http://www.usatoday.com/tech/webguide/internetlife/2004-10-01-cover-web_x.htm

[rudy-carter]

INSP to Announce Third Quarter 2004
Financial Results on October 28, 2004

Business Editors/High-Tech Writers

BELLEVUE, Wash.--(BUSINESS WIRE)--Sept. 29, 2004--InfoSpace, Inc.
(Nasdaq:INSP) will announce third quarter 2004 financial results on
Thursday, October 28, 2004, after market close.
A conference call for members of the investment community will be
held at 2:00 p.m. Pacific Time.
This call is being webcast by CCBN and can be accessed within the
Investor Relations section of the InfoSpace corporate website at:
http://www.infospaceinc.com/corpinfo/investor/index.jsp.

About InfoSpace, Inc.

InfoSpace, Inc. (Nasdaq:INSP) is a diversified technology and
services company that develops Internet and wireless solutions for a
wide range of customers. InfoSpace Search & Directory provides Web
search and online directory products that help users find the
information they need while creating opportunities for merchants.
InfoSpace Mobile develops infrastructure, tools and applications that
enable carriers and content providers to efficiently develop and
deliver mobile data services across multiple devices.
More information can be found at http://www.infospaceinc.com/.

[rudy-carter]

Think Equity Conference
http:
//www.thinkequity.com/about/conf_Growth.htmlty Conference
select under webcasts
select wed 2pm
select insp

also you have to register for the conference with name and email

[rudy-carter]

anotehr board for reading is over at YAHOO - but there are alot of garbage posts that are off the wall and off topic -
here is a good summary of the company now just written this am
"So much for Yahoo helping to turn around the net sector. Buckle up, stay off margin, this could get funky, but bottom line, Infospace have nothing to do with Yahoo, market acting irrational and crazy, and as we all know, at least in this dogs opinion, Infospace so undervalued it a joke, so considering our fundatmentals, cash in bank, no debt (wise of Voelkerdog and team to stay out of debt with rising interest rates etc) everything we doing, any downturn I feel will be create an opportunity for institutions to lick their chops, say dang, and buy up our shares. Like I said before, while Infospace playing aggresive, yet intelligent and strategic style offense, like a brilliant chess player, they also playing brilliant defense to prepare for any storms in market or economy so to speak. Market still think we only a search company, or an advertising company etc which we are, but seem to neglect our powerful wireless dominance evolving right before our eyes, starting from a few days ago with major Verizon news, not to mention all going on with Moviso and Modalyst in the major wireless carrier realm which no one seem to even have a clue about for some odd reason. What up with that? Like two years ago when Infospace quietly building its major leadership in online search and directory, now the number one leader in local search, they seem to be doing the same with wireless division of company, it ain't about where we at right now, but where we be at in one year from now and I think any smart investors/institutions etc going to use any decline in markets/Infospace to capitalize on that and in a very big way. Just my humble opinion, we'll see."

Actual post at:
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=15293324&tid=insp&sid=15....

[rudy-carter]

all that cash is mounting and they are making acquisitions like switchboard, atlas-mobile, - they sold off authorize.net to lightbridge - look at the growth of msft - they have cash to and a strong business model - I had 50,000 shares before the RS a few years ago now I have 5,000 shares and have seen 500% growth - and expect more - this is no longer the company that I read about in some of these messages.

[rudy-carter]

=====================================================
INSP it is a new day for the company - 6 qtrs of positive NET income - they are here because they now have $300 mill cash - and debt free - in search but more importantly they are in cell phone search and store front display for cellphones - the FUTURE is not in hardware - CSCO and INTEL are no longer the leaders in the ecomomy - its content - content- content - content - INSP is compatable with over 300 devices cell - pda - pcs' andthe like. It is going gang busters -

The person that wrote the front end on this page was fired by the company - I have been an investor since .82 cents - then the 10 for 1 Reverse Split - $8.20 - we are now at $47 - with no end in sight - donot take my world for it - look at their investor information
as follows:
http://www.infospaceinc.com/corpinfo/investor/

Company prospectives are great -
you can call me if you want to discuss company prospects
516-662-1283

I hold 5,000 shares of INSP

[little bluebird]

Tks for the reply. Guess I'll just wait and see.

[WTMHouston]

Most reverse splits are negative events. As for this specific one, I have no idea.

[little bluebird]

Hello all, I'm new to the list as I am also with INSP. Recently bought INSP and was able to make a nice little profit when the recent QT Earnings report came out. Have now purchased WAVC and they are considering a reverse split. Reading over some of the past messages about INSP I see they too had a reverse split. I'm wondering if this has a positive or negative affect on a stock, or maybe none at all. Hopefully some of you InfoSpace holders that were around at that time can tell me. TIA

[Cassandra]

InfoSpace says founder ordered to repay $247 mln:

(What a saga.)

http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:INSP&Feed=RTR&Date=20030825&am...

InfoSpace Founder Hit With $247 Million Judgment

http://www.thestreet.com/markets/marketfeatures/10109896.html

InfoSpace Founders File Lawsuits Against InfoSpace, JP Morgan Securities And Mellon Investor Services For Negligence and Breach of Obligations and Duties

http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:INSP&Feed=PR&Date=20030828&...

InfoSpace co-founders appeal $247 million ruling

http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:INSP&Feed=RTR&Date=20030904&am...

[Bob Zumbrunnen]

Damn!

[Churak]

Judge Rules Against InfoSpace All InfoSpace Allegations Against Mr. Jain, Mr. Marcus, and Intelius Are Denied By the Court


BELLEVUE, Wash., May 21, 2003 /PRNewswire via COMTEX/ -- Intelius, Inc., a
leading provider of integrated intelligent information for homeland security and
personal safety, today announced that all allegations made by InfoSpace (Nasdaq:
INSP) against the company and two of its founders, Mr. Jain and Mr. Marcus were
denied by Judge McBroom in King County Court, Seattle, Washington.

The Judge in the case noted that there was no evidence presented to establish
that defendants Jain and Marcus are in possession of proprietary information or
trade secrets of InfoSpace that would enable them to compete unfairly with
InfoSpace.

In addition to denying InfoSpace's motion against Intelius, Judge McBroom also
ruled that InfoSpace must pay all legal fees incurred by Intelius during the
course of its defense to these allegations.

"We are pleased with the outcome," said Naveen Jain, founder and CEO of
Intelius. "This will allow us to continue to focus on building Intelius into a
successful, profitable business."

About Intelius

Intelius was founded in January of 2003 by a group of senior executives and
technologists from InfoSpace and Microsoft. The Intelius team has a proven track
record of execution and leadership in the information solutions space and have
been visionaries in identifying early opportunities that have changed the way
technology is used to build the information and commerce marketplaces of today.
Intelius has three primary product lines. InteliFinder, one of the largest and
most accurate public records sources available online; InteliSign, a secure
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CONTACT: Ed Petersen of Intelius, Inc., [phone], or
[e-mail].

SOURCE Intelius, Inc.



CONTACT: Ed Petersen of Intelius, Inc., [phone], or

[e-mail]

[WTMHouston]

Working fine for me....

Troy

[Carolyn]

I think SI is down.

[Bob Zumbrunnen]

Definitely disappointing. THDO is in the same boat. I think INSP could've possible gotten by without an RS, by doing a very large buyback. They certainly have the cash. And really could've ended up with a float of about the same size as the RS will give them.

THDO won't be so lucky. They haven't got that kind of cash, although their CEO is still pretty loaded. He'd be more loaded if he hadn't been buying their stock for so long, though. I fully expect them to do an RS. But not announce is so darned long before the deadline.

INSP's OS is so huge, a 1:10 will still leave them at 30M shares. I'm thinking that's about what GNET had before they were acquired. INSP still leaving themselves room to split further.

I have to kinda wonder, though. Could their announcing it so soon be a ploy to manipulate their share price even lower? I've suspected NJ of doing that before, like when he announced that they were getting out of customer-related businesses and didn't have a bit of visibility into future earnings, as if he'd never been in the businesses he said he'd be keeping. What disproves the downward manipulation, though, is someone having profited from it. I'm not aware of him having shorted his own company or buying on the tankage.

I just can't figure out why he's announcing it so soon. And, of course, why he's not doing a buyback. A buyback really made a lot of sense to me.

I've personally only been watching closely while BB companies have done RS's, so I'm not sure what to expect when a Nasdaq one does it, but BB companies often get cut in half or worse within a week of the RS happening.

I just noticed that the Short Interest as of 6/10/2002 was 2.96M shares, up from 1.59M for the previous month. That's another reason to have done a buyback. That's enough of a short interest to have given the company more mileage out of a buyback.

They've got enough cash and cash-equivalents to be able to buy back the float about 2 1/2 times! $279M! It'd cost them less than a quarter of that to buy back half the float at the current price. Maybe half that, at most, to buy back enough to bring the price past $1. It looks to me like if they spent just half of their cash buying back shares, it'd be a no-brainer that they'd buy their way out without an RS. And still be left with 2 1/2 years of money at their current burn rate.

I wish they'd explain why it is they're thinking a buyback doesn't make any sense.

Any idea why the earnings, as published by Bidness Wire, show all the figures as "(unaudited)"? I thought Q's had to be audited for Nasdaq stocks and only the BB's could do unaudited Q's so long as the K's are audited.

[southern]

INSP has announced a reverse split. I am a little disappointed they are not going to buy back some shares. I'm guessing this reverse split will not help the share price, and will only meet the NAS requirements to stay listed. Could they be afraid to spend a few million? Might business be that bad, that they have to hoard all their cash?

http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:INSP&Feed=BW&Date=20020726&...

[southern]

The earnings met the guidance. The cash burn seems to be under control so this company should be around for a while barring any dumb moves. I have no idea where the stock price may be heading in this market though. The earnings report just wasn't exciting enough to drive the price up IMO. I'm still holding my few shares for a little while longer, hoping the company takes action to get the price up over $1. Does anyone else have any thoughts?

[southern]

The stock price has risen from .50 to .72 in just a few days. I wonder if the company is buying shares to get that price up over $1 as some have predicted. It might be time to do a little trading if you are a gambler. I bought a few more shares at .60 the other day. I will probably sell if they go over a $1 quickly.

[Bob Zumbrunnen]

Where do you think the remaining $209 million in cash might be?

Oh, I think it's still there.

I just think that the same folks who plundered GNET and threw the crew overboard would plunder their own ship if the hull were seriously breached. That's one scenario.

The other scenario is that if the company were forced into liquidation, whatever forced it would've already stripped it of GNET's.. I mean its cash. I have no idea how many lawsuits against it are in progress right now, but there are likely many and the costs of fighting them, settling some, and eventually losing one (it can even happen to Aunt Jain, bulletproof as he seems to be) can be pretty high.

The company could do a reverse stock split or buy back the stock from the market, but those actions do not guarantee the stock price will rise above $1.

I'd think it'd be pretty close to a guarantee.

IMO, the smartest thing the company can do, assuming their burn rate really has been reduced as much as we're led to believe, is announce a stock buyback (that kind of news is always quickly dismissed by the more cynical among us), and really start doing it. Just get right into the market and spend 2 weeks, for example, sitting on the bid at 50 cents. When the selling dries up there, march it up a nickel at a time and hopefully have it marched up to a buck before the 90 days is up.

They're very inclined to dare anyone to go toe to toe with them in court because of the amount of money they can throw at a case to outlast their opponent. They've had good success doing that. I would expect they'd have the same kind of success taking that attitude into the market.

I don't recall how much cash Naveen has gotten out of his shares, but he, too, could make a huge impact on the price by doing the same thing.

Of course there are downsides. They'd use up a bunch of their cash and if they retire all or part of the shares they buy, that decreases the paper value of the company.

I don't know what an ideal float size is, but if they could buy back 200M shares right now for $100M (not saying they can), there'd be be a 100M share float remaining and $100M cash. $1 per share worth of cash in the bank. I would expect that until they reach the point of too small a float (I remember this was a problem for GNET), they could support the stock at $1 themselves.

Maybe the better bet (and more in keeping with their MO) would be to just do a big reverse split. Say, 1:10, taking them to $5. Reverse splits have always (in my experience) resulted in pretty quick tanking but I've only observed them with OTCBB companies who do it only because they've printed all the paper they were auth'd, and want to continue printing more paper. INSP wouldn't do that or need to, IMO.

But if it did tank, it'd be unlikely to tank to the $1 per share threshhold. And if it did, they could buy back the entire float for only $30M cash. Sweet!

So I think a RS (at least 1:10), wait a couple of weeks to let it tank if it's going to, then announce a buyback and really do it. As soon as it's announced. I'm sure they're well aware that if they intend a buyback to be one of the tools they'll use, tankage is in their favor.

Personally, I don't expect this one to be delisted. They've got enough cash to throw at the problem.

[Bob Zumbrunnen]

Whoa, Nelly!!!

INSP plummeted today! Spent most of the day slightly positive, but closed down almost 27%, giving it a market cap of only $126 million. Way less than the cash on hand. I think that's closer to half the cash they've got.

Oops. Just remembered my quotes are delayed. What I see is heavy volume into the close and now showing a 40-cent delayed quote. With a day low of 37 cents, which would put the market cap in the $110 million area.

Yahoo not showing news. My new favorite research site (will blab about it later when/if we come up with some partnership arrangements) is only showing their own internal alerts about volume and price on it.

Looks like they closed at 45 cents?

[Mattu]

52-week low today.

[Joemoney]

As I'm looking at ISNP's quarterly report, and I swear, it's a random number machine. I can't make anything of it, but they are still losing money.

They are now in "delisting" territory! I hope they go under.

[Bob Zumbrunnen]

I wouldn't expect so, as they've got enough cash to survive multiple quarters at their current burn rate. Unless they continue to get sued and lose, which looks very likely.

And it's really tough (impossible) to figure out what their real burn rate is since it's alleged that a bunch of their cash inflows have really been them taking money from one pocket and putting it in the other while pretending the money really came from customers.

[palande]

Hmmm... found some data on INSP, at
http://biz.yahoo.com/fin/l/i/insp.html

The Z-score looks like it is 4.32, so it doesn't
feel like INSP is going bankrupt....

-- Aditya

[Bob Zumbrunnen]

Haven't tried coming up with it as I'm really not clear on what's needed for it and suspect the result will just be a really low number anyway. It takes quite a while to figure out just what the company really made or has. Although I think they did just recently file their 10K.

[palande]

Bob,
Any update on the Altman's Z number for INSP?

-- Aditya

[southern]

SMS seems to be catching on. Does anybody know which U.S. carriers use INSP for SMS?

Address:http://www.unstrung.com/server/display.php3?id=820&cat_id=2

[palande]

I would think these are the numbers that come from the
financial reports from the company.

Not having an accounting background, however.... )


-- Aditya

[Bob Zumbrunnen]

I'd give it a try, but am unsure of the requirements for some of those figures. For example, the valuation of Total Assets and whether you use the figures the company gives, or the true FMV.

[Bob Zumbrunnen]

I thought the old GNET thread on SI was a great place for discussion on INSP, and still do. I participate there occasionally.

Even had to come to that thread's defense behind the scenes once when an (un-named) executive was thoroughly PO'd at some negative opinion that was posted on it and wanted the post and the poster both zapped. I expressed my dissent and informed them that I wouldn't do it unless I was sent an email both acknowledging my dissent and ordering me to do the deed.

They backed down. Wisely. I'm certain that it was mainly that at the time, INSP didn't understand the nature of the SI beast and that inclusion of that opinion on "their" website didn't imply their agreement with that opinion.

Squelching a negative opinion about their company and management would've looked far worse than leaving it out there and, to their credit, I believe they saw that light with only a small amount of foot-stomping on my part.

[palande]

I've never worked for INSP, but I've owned a number of shares,
recently, at around $2.68 per share. It's $1.06 now, which
is a shame, since I sold a large portion off at $0.87...

Anyway, maybe someone here has the financial data to calculate
Altman's Z-score for the company. This will predict the
probability of bankruptcy in the near future.

Here's the formula.

Z = (Working Capital / Total Assets) * 1.2
+ (Retained Earnings / Total Assets) * 1.4
+ (Operating Income / Total Assets) * 3.3
+ (Mkt Val of Common & Pref stock / Total Liabilities) * 0.6
+ (Sales / Total Assets) * 1


Z-Score Probability of Failure
----------- ----------------------
1.8 or less Very High
1.81 to 2.7 High
2.8 to 2.9 Possible
3.0 or higher Low


Can someone compute Z-score for INSP?

Thanks,

-- Aditya

[southern]

I hope we can keep this board going and informative as I have not been happy with the INSP boards at other sites. I appreciate you insight Bob.

[Bob Zumbrunnen]

We agree on a lot and went through much the same.

Something that is public knowledge but not terribly common knowledge is that for a very short time, Russ did end up being the CEO of INSP, but was ousted by Jain when Jain decided he didn't want to leave the company after all. Russ bailed out of his shares on the way out, and until then it really looked for a short time like he was going to be running the show.

I don't know that things would've been much better with Russ at the helm, but strongly suspect they would've been.

[southern]

Bob, I find it interesting that you dislike Naveen Jain so much and still hold Russ in high regard. I always thought that Russ saw the internet bubble was about to burst and sold out just in time. He took his money and ran, leaving the loyal GNET employees to fend for themselves. I was not an employee like you, so I only viewed the merger from a far. I will defer to your inside knowledge of the situation. I think we can agree Russ was a smart guy. And I am not so smart to have held INSP shares all the way down. I do not like INSP's accounting but I still think they can make a profit if wireless internet usage continues to grow. I would like to hear other opinions.

[Bob Zumbrunnen]

Ummmmm....., now hold on just one dag-gummed minute there.

Unallocated corporate expenses include approximately $4.2 million of professional services (including $3.5 million of legal fees), $2.2 million of facility expenses, $2.0 million of salaries and benefits and $1.8 million of corporate insurance expense.


Those are the expenses not allocated to Merchant and Wireline. This reads to me like "Okay, throw out the $10.2M we paid in legal fees (because we keep getting our butts sued by former employees), and salaries, etc, and the $5.4M cost of depreciation and plant expenses. Okay? Ignore that $15.6M for just a minute. Is it ignored? Good. Okay, we made $9.4M from Merchant and Wireline. No, we didn't lose a bunch of money. Here. Put these rose-color sunglasses on. Does that help? Okay, try the blinders. Do you see it now? Good."

I'm going to use the INSP method of reporting income, so I'm happy to announce that iHub's subscription business has been pro-forma profitable all year since the first subscription. ISP cost? Hardware? Software? Salaries? Filing and other legal fees? Contractors? Forget those. They're allocated to... ummmm.... allocated to ummmmm Advertising! Yeah! That's the ticket!

Go iHub!

Oh, and in keeping with another part of INSP's interesting way of reporting, I'd like to take this opportunity to announce that the shareholders of iHub are not relentlessly dumping their shares at market. Geez, that part of the INSP press release really rubbed me the wrong way. I can see why the stock would rally on news that Naveen Jain is no longer doing precisely that. It's just that this is the first time I recall seeing them say he'd ever been doing that.

The Company also announced in its Form 10-Q filing the immediate termination (effective May 13, 2002) of all program sales by InfoSpace Chairman and Chief Executive Officer Naveen Jain, instituted under a plan adopted last year pursuant to rule 10b5-1 under the Securities and Exchange Act. The program was instituted by Mr. Jain to provide a way to diversify his investment portfolio by allowing him to sell a small portion of shares on a regular basis without control over the timing or price once the program commenced.

In addition, the Company announced the termination of program sales by other senior executives instituted under plans adopted last year pursuant to rule 10b5-1 under the Securities and Exchange Act. These programs were instituted in connection with the grant of restricted stock in part to cover the tax liabilities accrued due to the vesting of these restricted shares.

All that stuff aside, though, I still like that it looks like the outbound cashflow is ebbing. Disclosure: I don't have a position in INSP, long or short.

[Bob Zumbrunnen]

Huge jump in INSP today. Was it because they said Merchant and Wireline were (pro forma) profitable, or is it because NJ said he's not going to programmatically unload his stake into the market anymore.

Whatever the reason, 45% is a staggering jump!

Also looks like they only bled about 9M cash this quarter. Encouraging.

The only thing I worry about is Silicon Investor. If it's losing money but other business units are making money, that would be a bad thing. I hope that it's either paying its own way, or bleeds little enough that the backlash of shutting it down would be more expensive (monetarily and otherwise) than keeping it going.

[Bob Zumbrunnen]

Question: Is anyone of the opinion that Go2Net would've fared differently had InfoSpace not "merged with" them?

Personally, I think so, but have no idea how much better. We were very proud of our earnings (every person in the company took earnings very personally) and we were just as keenly interested in making profits without the dreaded "pro forma". I suspect that's a major reason why the acquisitions slowed way down.

The share count was small enough (even after splits) that each of us felt we could have a measurable impact on per-share earnings.

Where a lot of us who talked about it expected us to come in at 25 cents profit (pro forma) in the quarter that ended up being rolled into INSP's earnings, and we were excited about it, it was extremely depressing to have our hard-earned contribution rolled into the much higher share-count of a money-bleeding company and see our contribution result in a couple of pennies.

There's also no doubt that Russ was a far more charismatic CEO than Naveen. He was better able to instill loyalty in his people, (rather than the fear that NJ relies on) and also just came across a lot better on TV.

When Mark Haines ambushed Russ after another quarter of strong growth, and took him to task as the poster-boy for companies hiding behind "pro forma", he seemed quite unflappable. That kind of stuff gets respect. When NJ speaks, however, all that comes across is "I'm better than you are." Is it obvious I don't like the guy? <g>

So, my opinion is that GNET's share price would be substantially better than the 84 cents INSP is at right now, or whatever the equivalent would be (I don't remember the comparative OS sizes now) and that though it would've gotten nailed in the bubble-bursting along with the rest (and rightfully so), it wouldn't have been as bad. I think it would've been a first-round survivor that would've thrived in the second round. And I fully expected them to be the first pure internet play to report real profits.

Your thoughts?