CMGI What is the latest news on this stock? Message Board

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

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To: Desertrat who wrote (4102)	1/17/1999 4:56:00 PM
From: DAVID BANISTER	of 19700

CMGI HOLDINGS CORRECTION They now own 33% of hollywood entertainment, the online and also major home video rental chain. HLYW has market cap around 1 to 1.2 billion right now. They traded reel.com for 1/3 stake, at time hlwy was trading around 8-9 per share I think... now its around 30, was as high as 34 last week at one point. This is also a thriving enterpricse with strong cash flows. Steve Harmon is the one who mentioned that they own 1/3 in his internet top 10 article. So add that to the stable of public holdings...with only more to come. I am still looking for 225 per share or 10 billion market cap for CMGI by years end... LYCOS could eclipse that by itself...too bad we didnt hold that longer than CMGI did before they sold a bunch off.

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