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Technology Stocks : CMGI What is the latest news on this stock?
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To: Scott Kessler who wrote (1029)8/4/1998 7:47:00 PM
From: Don Jeanblanc  Read Replies (3) of 19700
 
Scott: Thanks for your information. As I have always said - these CMGI guys are very vert smart. They have actually taken reel.com and Plant Direct public at their (CMGI) price without having to worry about market reactions. CMGI has actually placed these companies in the hands of others that can expand them at no expense to CMGI - but CMGI still maintains a position in them by taking a position in the shares of the aquiring companies at the same time of getting some cash to purchase new internet companies. Don
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