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Technology Stocks : CMGI What is the latest news on this stock?
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To: in2tech who wrote (17355)3/20/2000 7:00:00 AM
From: SHGLaw  Read Replies (1) of 19700
 
The next step in the maturing process in the birth of an industry is coming. It shouldn't come as a surprise. Most of us remember a couple years ago when inets were tarred with the tulipmania label, and so many people were drooling with the prediction of how the bubble would burst. Well, it didn't.

Companies that were shadows became real. Companies without profits became profitable. That companies without sound business plans will ultimately fail, or be swallowed by companies with good management is simply economic darwinism. This is both good and necessary. And CMGI will be one of the sharks, not the minnows, swimming about the inet ocean.

Having been presented with innumerable private placements over the years, I have seen so many fascinating concepts emerge from people who lack basic business acumen. The problem often isn't the business, but the plan. A good idea in the hands of a techie who understands nothing about business is a shot in the dark. A good idea in the hands of a smart businessman is a better investment. We are fortunate to have a very smart businessman in DW who appreciates technology and its future. Another good reason to feel good about this company.

SHG
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