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Technology Stocks : CMGI What is the latest news on this stock?
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To: Mark T Warren who wrote (9720)6/11/1999 3:20:00 AM
From: Candle stick  Read Replies (3) of 19700
 
You have completely missed the point here. The earnings are meaningless. This quarter CMGI only sold 1.3 million dollars worth of their stocks that they hold. Last quarter they sold 55 million dollars worth. If they had done that there would be a profit. So you see the "earnings" can be whatever CMGI wants them to be. They chose to sell less this quarter due to the fact that they believe the current prices to be to cheap to be selling. The real value in the company is in these marketable internet stock holdings that the have, which this quarter increased to 1.6 billion from something around half that(anybody have the exact #?) and also the fact that management has stated that they expect this number to grow "by a significant multiple" over the next year. (Todays conference call)

I expect the stock to be UP tomorrow by the close.

;^)
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