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

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To: Time Traveler who wrote (14109)11/16/1999 10:45:00 PM
From: James Thompson   of 19700
 
Time Traveler - one must own at least 100 shares of CMGI as of the date specified by CMGI. That date has yet to be advertised. One must then open an account with Wit Capital and fund it with a minimum of $2,000. The shareholder must be a US resident living in the US.

There are certain restrictions on how the CMGI shares are registered. CMGI or the street broker will send the qualified shareholder a letter with a numeric code. That code is used to verify eligibility when the conditional offer is placed through Wit Capital.

A day or so prior to the offering an e-mail will be sent out for a reconfirmation. Most who apply get 100 shares - no more. DW intends that the program will permit the small investor (me) to participate in IPOs - level the playing field so to speak.

I was fortunate enough to be allocated 100 shares of ENGA and NAVI. Some who slipped through the ENGA crack were given preference for NAVI. The same may apply for Alta Vista.

I believe you can find more detailed explanations on both the Wit Capital and CMGI web sites.

Good luck,

Jim
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