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Technology Stocks : CMGI What is the latest news on this stock?
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To: James Thompson who wrote (9371)6/7/1999 2:59:00 PM
From: Jenne  Read Replies (1) of 19700
 
CMGI (CMGI:Nasdaq) has been one of the leading point-gainers on the Nasdaq. It was up 8 3/4, or 9%, at 103. NaviSite, which provides outsourced Web hosting and is a majority-owned subsidiary of CMGI, said that it had signed strategic agreements with Dell (DELL:Nasdaq) and Microsoft (MSFT:Nasdaq).

In connection with the agreements, Dell and Microsoft have made investments for a 4.9% and 4.4% interest in NaviSite, respectively. Dell was up 1 7/16, or 4%, at 35 5/16, while Microsoft was up 15/16, or 1%, at 80 1/2.

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