A Cat and a MouseCommenting on the stock's movement Tuesday, Voelker said, "It's unfortunate, but it's one day." InfoSpace, which provides wireless and Internet software and application services, is in the midst of formulating a new strategic direction, says Voelker, which it will likely start publicizing in April. "I wouldn't be here if I didn't think the company had some bright prospects," he says.
|Never Can Win |
InfoSpace off its bubble-era high
At issue in Monday's lawsuit is Jain's role as chairman and CEO of Intelius, a company founded in January and staffed by Marcus and four other former employees of InfoSpace. Intelius is developing a directory service product, alleges InfoSpace, which directly competes with an InfoSpace offering that links a free white pages directory to various for-pay databases.