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Technology Stocks : CMGI What is the latest news on this stock?
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To: Guardian who wrote (10802)6/24/1999 9:28:00 AM
From: Craig McNeill   of 19700
 
Why good for CPQ ?
1) CPQ hasn't been able to leverage its internet assets. Bringing in DW/CMGI, and holding CMGI stock, will allow them to see greater asset appreciation without further time/cash investment on their part.
2) CPQ needs to focus on their core business. AltaVista is only a sideline that takes time away from managing pcs, midrange, and IT services. Remember, they want to compete with IBM, not Yahoo,AOL, CMGI et al.
3) With softer IPO market, and view that AltaVista is a 2nd tier search engine, they may not get what they would want in any IPO/spinoff.

Yeah, maybe at $2b they are a little shortchanged. But the deal being negotiated will enhance that value with some sort of dividend stream going forward, including appreciation of cmgi stock (wouldn't you like to own 20m shares ?). cm
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