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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 692.76+0.5%Jan 26 4:00 PM EST

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To: bobby beara who wrote (27522)9/27/1999 9:36:00 PM
From: Benkea  Read Replies (1) of 99985
 
bobby:

"i heard cmgi had great #'s."

Great is an understatement. They netted $1/2 bil THIS QUARTER. They are sitting on $1/2 bil in cash and $3 bil in marketable securities (YHOO, AMZN, LCOS, SILK, ENGA, HLYW, etc). THEN you have the private holdings which they are accumulating faster than I can keep track. Don't forget Navi-Site IPOs next month (if the market doesn't tank). Alta-Vista (a top ten site) is growing faster than ANY other portal. They are filing in October for a Q1 2000 IPO.

CMGI is on fire fundamentally assuming the market holds up.
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