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Technology Stocks : CMGI What is the latest news on this stock?
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To: keta who wrote (4632)2/8/1999 11:20:00 AM
From: PDL   of 19700
 
I doubt CMGI will be driven by "blowout" earnings announcements. I assume all reasonably astute investors understand that CMGI is a "market-basket" of internet stocks and that they have some huge public winners that they can "harvest" whenever they want. So earnings are going to be sporadic -- but it is the portfolio of investments and their prospects that provides the underlying market value of the stock.

I assume that today's correction reflects some institutional queezyness (sp?) about the market in general and the internet in particular. With all the properties that this company has a stake in, I look at the current market cap of about $5 billion and figure: this is probably reasonable for now and the upside is probably enormous if any (or just a few) of these future IPO's turn out to be big winners. Pretty unsophisticated, but that's how I look at CMGI at least for now. Just MHO.
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