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Technology Stocks : CMGI What is the latest news on this stock?
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To: cyberman who wrote (17160)3/13/2000 11:07:00 AM
From: Citidude  Read Replies (1) of 19700
 
Cyberman - I have listened to this "split talk" on all the 7 boards of CMGI this entire weekend.

The truth in the matter is, I find no substantiation (with the EXCEPTION that we've had run-ups and splits before and at this time last year) we're going to split. Unless I'm mistaken (and somebody I'm sure WILL correct me if I'm wrong) I see no newspiece to support a split IS coming by the end of April.

Frankly I think this can be a dangerous and disappointing expectation for everyone to base hope on as much as it has been talked about here. On some of the other boards it was being talked about as if it already happened. Not good.

Now I do agree that history can repeat itself, and when we rocket furtherly upward we'll more than likely split again.

But it seems that is what people are almost counting/demanding on to move us forward (not everybody - but a number of folks). I must concur with the others here that in a bloodletting market such as this, not many announcements are going to rock us like they would normally.

Another VERY DANGEROUS topic of subject is this whole idea of 1.4 billion extra shares authorized.

Do you know I haven't seen one good post yet that explained to me in A-B-C language as to what this means. Many say "No Dilution", others say "Extreme Dilution." Well let me just say this - from what I can see is that no matter how you slice it, dice it, chop it up - to unleash 1.4 billion shares would be total suicide if dumped on the market all at once. However, this does not seem to be the case.

As the company has said, they will use it for "splits" (this totally is a mystery to me!!!) and acquisitions (this makes sense if it's treasury stock). I have no idea what they mean by using additionally authorized stock for splits. A split is cut and dry. A 2 for 1 split doubles the amount of shares and halves the value - FOR EVERYBODY!!!! including the company. There are really no extra shares to buy a company with!!! Whether it's pre or post split, its the same amount of money (with whatever changes in the market price there are of course).

So I certainly would welcome somebody in explaining this one to me. The company newspiece was VERY vague/confusing IMO.

Chris
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