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Technology Stocks : CMGI What is the latest news on this stock?
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To: Daniel Colton who wrote (6993)4/13/1999 11:10:00 AM
From: bargainman  Read Replies (1) of 19700
 
The MSN site, like many like it, is not capable of predicting share price and earnings on emerging companies. Its predictions for virtually all the internet stocks are ridiculously low, including more "mature" internets like Yahoo. The earnings histories are simply too short to be meaningful. The numbers of brokers and analysts covering CMGI are also ridiculously low for the major role the company now occupies in this industry. Plus, we have already seen that traditional methods of valuating internets stocks are inadequate. I wouldn't worry about it.
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