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Non-Tech : Wit Capital Group Inc - (Nasdaq - WITC)

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To: Kumar Nathan who wrote (687)7/20/1999 11:14:00 AM
From: Mohan Marette  Read Replies (1) of 845
 
Traffic jam on Moonshot Alley

Kumar:
Well as you may know CMGI selected WIT to distribute the shares of Engage to qualified shareholders of CMGI,which I thought was newsworthy though we haven't seen an official press on it from WIT and I guess we were speculating that WIT might put out a press release on that in conjunction with the earnings release tonight,that is all.It would be more interesting if CMGI appoints WIT to distribute shares of future IPOs of companies in their stable to their shareholders instead of just Engage but at this point we don't know this is a one time shot or whether this will turn out to be an ongoing thing.

redherring.com
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