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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 5:37:00 PM
From: PAL  Read Replies (2) of 19700
 
Hector:

If you buy CMGI based on the earnings, then you are missing the point. CMGI can post any earnings it wants. The business of the company is quite different from a single company. CMGI invests in companies, just like a mutual fund, and the value of CMGI is predicated on the values of its subs.

Many times the market give the opposite results from what most people expect. Just like Dell which gave good earnings, but the stock was down the next day. There are many examples of the market behaving opposite what logic tells us. We have expected that CMGI will blow away earnings estimate, then we got the negative result based on earnings only. Have you seen the growth in revenues?

I would not be surprised if the market will surprise us on the positive side. Should PPI come within expectation, CMGI might actually go up tomorrow. Expect the unexpected.

Good investing

Paul
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