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To: Drbob512 who started this subject	8/29/2000 6:25:09 AM
From: Louis V. Lambrecht	of 100058

Old news/no news - re:CMGI-PCCW Cable&Wireless UK has exchanged 500 mil shares of PCCW for 4.3% stake in CMGI. cmgi.com "ANDOVER, Mass.- February 29, 2000 - Following today's announcement that Richard Li's Pacific Century CyberWorks Limited ("PCCW") has agreed to acquire Cable & Wireless HKT from Cable & Wireless plc, CMGI, Inc. (Nasdaq: CMGI) has announced an agreement with Cable & Wireless plc to issue $500 million in shares of CMGI to Cable & Wireless plc in exchange for $500 million in shares of PCCW. Cable & Wireless will receive the shares upon completion of the Cable & Wireless HKT acquisition. This latest stock swap extends the relationship ....."

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