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

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To: Robert Rose who wrote (11451)7/5/1999 10:03:00 PM
From: Todd Pagel  Read Replies (1) of 19700
 
Larry, I was sitting not 30 feet from DW when he said that they will bring no company public before it is ready, and I believe him. He didn't feel the need to "prop up" the price after the earnings announcement took us all south, and I doubt he will use this direct shares program as a crutch for any "wobbly" IPO's. He can't direct market conditions at IPO date, but they are not just spittin' these companuies out just for fun. There is substantial development which occurs and synergies which develop before the companies are taken public. I do agree with the free lunch part though. ;-)
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