I own CMG Information Services (CMGI). I have tried the GCTY site, but am not too impressed with it. I am only interested in the investment value of GCTY, which will be priced tonight and trade in the secondary market tomorrow. IPO by Goldman Sachs, probably at around 14-16 bucks a share for 4.75M shares, valued at under 3/4 billion. Recently, a lot of bad press have circulated from the likes of New York Times, Business Week, Barron's and Fortune.
With so much pessimism, the IPO will probably do extremely well. And as a CMGI owner, I will be more than happy. |