From: http://www.xent.com/jan00/0823.html
> "There are two kinds of people in this world, right? Nonbelievers and
> believers," the animated Jain said to his audience at the Chase H&Q
> plaNET.wall.street Internet conference last week. "In other words, those
> who don't believe in God, and those who believe in God and InfoSpace.
> That's OK -- the nonbelievers will be converted when we become a
> trillion-dollar company."
Chalk one up for the nonbelievers:
http://www.siliconvalley.com/mld/siliconvalley/3779952.htm
InfoSpace CEO to step down
BELLEVUE, Wash. AP) - InfoSpace Inc. chairman and chief executive Naveen
Jain will step down from his posts once the Internet services and software
company finds a replacement.
Jain, a former Microsoft executive, founded InfoSpace six years ago and led
the company through its rise and fall. His departure from the top posts was
announced Wednesday.
With its stock now trading for dimes, InfoSpace is in danger of being
delisted from the Nasdaq Stock Market. The company is asking shareholders
to approve a one-for-10 reverse stock split to prop up the price. If
approved on Sept. 12, shareholders would trade in 10 shares of stock for
one new share.
The company has had trouble retaining its top-level executives in the past,
including most recently, former chief executive Arun Sarin who resigned
last year after just nine months on the job.
The company said Jain will remain as a company employee.
Shares of InfoSpace fell 2 cents to 43 cents in afternoon trading on Nasdaq.
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[EE Times] Iconoclast Designers Choose MIPS
From fork-admin@xent.com  Tue Jul 23 06:16:17 2002