An excellent post. Thanks!
ragingbull.com
First, let's take a look at the financials. CMGI reported net revenues of $43.7 million for its third quarter ended April 30, 1999, a 141% increase compared with last year's third quarter. Furthermore, CMGI's net revenues for the Company's Internet-focused investment and development business segment increased 381% compared with the third quarter of fiscal 1998, and increased 116% compared with the second quarter of fiscal 1999. That is some serious growth! CMGI's wholly owned Internet companies are starting to experience unprecedented growth. Skeptics point out the worse than expected earnings per share, however, during the conference call, which I suggest all CMGI shareholders listen to, CEO David Wetherell explained that excluding one time acquisition fees and one time Research & Development charges, earnings would actually be - $.22 per share, right in line with analyst's expectations. Furthermore, the impressive management at CMGI has been hard at work. During the third quarter, CMGI, through it's limited liability company subsidiaries, CMG@Ventures II, LLC and CMG@Ventures III, LLC invested in ten Internet start-up companies, including: .... |
