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Technology Stocks : CMGI What is the latest news on this stock?
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To: Kevin Dann who wrote (9600)6/10/1999 5:55:00 PM
From: FR1  Read Replies (1) of 19700
 
Jeeez! Am I the only one that can never understand this stock?

Last Q report (and the one before, and the one before,...) there were lots of experts telling us how horrible the report was if you look at it one way and others telling us exactly the opposite if you look at it another way.

TV loves to hype the bad news so you usually get loud bad news first.

Same true today. Nothing but bad hype from mass media.

So here is the beginning of the good news from CMGI:

cmgi.com

CMGI Announces Third Quarter Financial Results
Revenues Increase 141% Compared with Prior Year Third Quarter Internet-Focused Investment and Development Segment Revenues Grow 116% Over Second Quarter
ANDOVER, Mass., June 10, 1999, --- CMGI, Inc. (NASDAQ: CMGI) today reported net revenues of $43.7 million for its third quarter ended April 30, 1999, a 12% sequential increase in quarterly revenues and a 141% increase compared with last year's third quarter. 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. Net revenues for the Company's fulfillment services segment increased 107% compared with the third quarter of fiscal 1998, and decreased 3% compared with the second quarter of fiscal 1999.

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