Found this great post on the RB site:
What we've seen in the past month is a bunch of nonsense. CMGI should not be thrown in the same basket as internet stocks that are trading at 500 times earnings. Let's do a little comparison of DW to Warren Buffet. Buffet bought stocks years and years ago, and inevitably most went up. The gains CMGI has seen in such a short term are incredible. The manipulators of this market love to see this stock tank, then on days such as yesterday and today...where we have good volume, who do you think is buying? Stocks such as GCTY are owned by CMGI at about $.60 / share, and are sold at $100. The general public dramatically underestimates the meaning of SYNERGY for this stock. Look what's going on here! DW is not just acquiring (investing in) internet stocks on a whim. He's putting together the pieces of a grand puzzle. He has a vision of what the internet will become, as do people such as Gates, and Dell. He's not a stock trader, he's building a massive company. All the sub-interests of CMGI are all bought for a purpose. They are bought when they need the capital to put their own plan in motion, and CMGI see's how that plan will fit in the puzzle. Why have we seen so many big players invest dramatically in CMGI owned co's. It's because CMGI has something that every co. involved in the internet needs, whether it's e-commerc solutions (SILK), e-mail solutions (CPTH), marketing solutions (Adsmart), Backroom and ISP solutions (Navi- site/net), Portals for the general public (GCTY -[now YHOO], and LCOS). The model fit's into the plans of all the tech giants out there! and that's why so many are taking stock in CMGI. Forget about the funds that manipulate this market. On the long term, the people who know what's happening with the internet, and the value of it, are putting their money in CMGI.
Last note....For those of you out there that have not checked out BLAXXUN's software. I strongly suggest that you do so. It opened my eyes to the future. D/L Contact 4.x and run it (if you have a good connection and a fast system) imagine what this will be in 3-5 yrs with broadband in place!
To those who think of the internet as a TEXT based world....you have no idea! The days of typing and reading will be pretty short lived. Oh how I wait for the technology to be fully implemented and the site of the rolled out plan that DW has!
Steve |
