Engage Technologies Inc - (Nasdaq - ENGA) Message Board

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Technology Stocks : Engage Technologies Inc - (Nasdaq - ENGA)

ENGA 0.160

0.0%

May 26 5:00 PM EST

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To: Mohan Marette who wrote ()	7/20/1999 4:06:00 PM
From: Tae Spam Kim	Read Replies (1) of 754

CMGI's Engage Technologies Triples - 3:55 PM EST - TK Engage Technologies (ENGA) tripled in its first day of trading. The 6 million share offering was set last night at $15/share. The company specializes in internet advertising and is 82% owned by the famous incubator, CMGI. Actually the company supposedly still uses CMGI's office space. According to its filings, Engage has built a database of over 30 million anonymous profiles of net consumers, which can be used for direct marketing purposes. At current prices the company has a market capitalization of over $2 billion. Frankly this valuation may be the result of small supply and high demand. CMGI obviously has much experience in milking the current net mania system.

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