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Technology Stocks : CMGI What is the latest news on this stock?

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To: nikko who wrote (3028)12/18/1998 7:05:00 AM
From: S.C. Barnard   of 19700
 
Trader's Tribune: CMGI Inc. (CMGI) shares rose a whopping +$10 7/8 to close at $91 3/8 today after it announced a 2-for-1 stock split. CMGI, which has minority interest held by Microsoft Corp. (MSFT), and Intel Corp. (INTC), is a developer and operator of Internet companies as well as venture investment funds focused on the Internet. Success of CMGI could also be seen as it announced a closure of its largest venture fund to date, @Venture III. This quarter, CMGI raked millions from issuance of stock by Lycos Inc. (LYCOS) and GeoCities Inc. (GCTY). Six of the eight analysts following the stock maintain either a "Buy" or "Strong Buy" recommendation.
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