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Technology Stocks : CMGI What is the latest news on this stock?
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To: Jenne who wrote (10823)6/24/1999 2:22:00 PM
From: Mark Peterson CPA  Read Replies (1) of 19700
 
My understanding is that CMGI needs to own the assets of a business, not just stock in 40 or so assorted investments to avoid the mutual fund thing. Of course, it's much more complicated than this from a compliance issue.

But by directly owning the assets and related liabilities of a company such as AV or other company, they take a big step in meeting the SEC (and the IRS's) requirements.

They know how important meeting this requirement is, and when you can do it by buying a company that meshes well with substantially ALL of CMGI's current investments, then that's icing on the cake.

And an elegant way to posture for greater long term shareholder value.

Mark
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