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Technology Stocks : CMGI What is the latest news on this stock?
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To: Islander who wrote (2800)12/9/1998 11:35:00 PM
From: Douglas V. Fant   of 19700
 
Islander, May I add one more unique thing about CMGI? If you read Steve Harmon's Lead Article in the Internet Financial Investor tonight (go back to the Main Silicon Investor page and scroll down about 1/3d of the way and click on Mark Johnson's IFC), then you will see that all of these Internet IPO's are closed to individual investors. The shares are going to the institutions as easy money. Generally we cannot get any Internet IPO's shares at their marked/offering price, but only in the open market the morning of the IPO after the stock has jumped 300%.

Well here at CMGI we effectively participate at ground zero in the IPO's through CMGI's underlying ownership of stock in the IPO- there's only one or two places that we investors can do that in that fashion....

Sincerely,

Doug F.
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