CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: LarryCPA who wrote (11448)	7/5/1999 9:53:00 PM
From: Robert Rose	Read Replies (3) of 19700

<I would think that CMGI could have reserved 20-30% of the deal for us instead of 10% What do you think? > I've been sceptical about cmgi's shareholder ipo plan from the beginning, so I am not surprised the enga offering is turning out as you've described. I believe that Wetherwell's major purpose in offering cmgi shareholders ipo shares was to prop up cmgi's stock price during an uncertain ipo period. (And after all, if the cpi numbers had been bad, the ipo market would be far worse than uncertain right now. It has also been suggested that Wetherwell wants to offer cmgi shareholders ipo shares as a way to prop up the price of any future wobbly ipo's. That is clearly not an issue with enga, but I can see the percentage of an ipo's shares that cmgi offers its shareholders increasing when demand for an ipo is weak. All in all, Wetherwell is smart on both these counts, and ultimately, that benefits us as cmgi shareholders. But a free lunch? Those were the days of cmgi's .5B market cap. And those days are over.

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