CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: HECTOR RUBERT who wrote (9587)	6/10/1999 5:36:00 PM
From: Scarecrow	Read Replies (5) of 19700

Hector -- You have a point. However, given the almost inconsequential nature of their operating (i.e. recurring) earnings to their business model, I'm not troubled. Did they give upside guidance when they stuffed in all that cash from selling Lycos shares? No. Hey, MSFT gives guidance both ways, right? You give guidance when something fundamentally affecting your company takes place -- something (to use the precise term) material occurs. My read: They didn't sell many mailing lists or stuff a lot of boxes with Cisco routers this quarter. Big frickin whoop. And the other point: they had the brains NOT to take the temptation to sell some of their assets during a DOWNTURN in Internet stocks. They could have, you know. Dump some more shares and pull in lots of cash -- essentially selling off some of the future at these firesale prices. Instead, they don't, saving it for another day when valuations are higher and returns to CMGI are greater. The ownerships in these companies didn't disappear... Nothing material has changed. It's just a case of riding out some sector rotation and a Fed-Storm (like a sh*tstorm!). All IMVHO.

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