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Technology Stocks : CMGI What is the latest news on this stock?
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To: B. A. Marlow who wrote (5800)3/12/1999 3:28:00 AM
From: Millionairess   of 19700
 
yes, i was dazzled again as i was last quarter after listening to CMGi's call - you hear them discuss the way their businesses are growing in a way you never see reported anywhere - if i got this right, all their business have reached the point where they will start reporting sequential (qtr. over qtr.) results with high double digit to low triple digit growth rates FOR ALL of their concerns except for ZINEZONE - now, www.zinezone.com is a fabulous site which i speculate will be rolled into MAGNITUDE

if things trend lower in the near future, i would take it as a buying opportunity - we'll be back at those highs in no time once the new multimedia machine (magnitude) gets launched, the ipo's for 2 of the WHOLLY owned (from the internet group - my guess is navinet and engage) get filed, LCOS resolution, a possible split and a more formal announcement of the new venture fund they'll be setting up (up to 1B?)

it was interesting how they responded to the problem of how they will avoid being considered a mutual fund for which they have until the fall to resolve - i wonder if this means that they have to sell off more of their public companies than they intended or could this new venture fund (more cash) be the answer?

such an interesting stock!
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