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Technology Stocks : CMGI What is the latest news on this stock?
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To: Stuart C Hall who wrote (11156)6/29/1999 10:16:00 PM
From: Doug Meetmer  Read Replies (2) of 19700
 
Does anyone have any real appreciation for how limited the shares will be in the Engage deal? I think that 10% of the shares will be offered to CMGI shareholders, so let's say for the sake of argument that 5 million shares will be offered. In that case, 500,000 will be available to CMGI shareholders, and if everyone asks for 500 shares that means they can only accommodate 1000 shareholders, which sounds real small. If they give 100 shares to each shareholder, that would be 5000 shareholders. How many CMGI shareholders are there anyway?
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