Just wait til we see something like this...
(PR NEWSWIRE)Credit Suisse First Boston Initiates Coverage on CMGI With a Buy Rating
PALO ALTO, Calif., July 26 /PRNewswire/ -- The following is being issued
by Credit Suisse First Boston, a member of the National Association of
Securities Dealers, CRD number 816:
Credit Suisse First Boston Technology Group analyst David Dusenbury
initiated coverage today on CMGI, Inc. (Nasdaq: CMGI) with a Buy rating and a
price target of $55.
(Photo: newscom.com )
CMGI is a large and diverse network of global Internet companies that
leverages the technologies, content and market reach of its family of
companies to foster synergies across its network.
Dusenbury believes as the company transitions into a new economy operating
company with ten key subsidiaries the two key areas to benefit will be the
completion of the company's wireless platform and the assembling of a global
content distribution network (CMGion).
"In addition there are several external factors that we believe will have
beneficial impact on the company's valuation, most notably the reopening of
the IPO market," Dusenbury stated. He adds, "This reopening has raised the
possibility of future liquidity events and raises the possibility that
investors will be able to more easily mark to market the company's underlying
assets most likely providing a lift to its valuation."
Credit Suisse First Boston is a leading global investment banking firm,
providing comprehensive financial advisory, capital raising, sales and
trading, and financial products for wholesale users and suppliers of capital
around the world. It operates in 57 offices across more than 37 countries and
six continents and has over 15,000 staff. Credit Suisse First Boston is one of
the world's largest securities firms in terms of financial resources, with
approximately $9.8 billion in revenues in 1999 and $7.8 billion in equity and
$275 billion in assets as of December 31, 1999. The Firm is a wholly owned
subsidiary of the Zurich-based Credit Suisse Group. For more information on
Credit Suisse First Boston, please visit csfb.com .
This press release is merely a synopsis of a Credit Suisse First Boston
Corporation research report and neither is, nor intended to be a comprehensive
summary of the report or recommendation. The report referred to herein should
be read in its entirety prior to making a decision to invest in any of the
companies mentioned therein. If you would like to obtain a copy of this
report, please contact your CSFB sales representative.
SOURCE Credit Suisse First Boston Corporation
-0- 07/26/2000
/CONTACT: Cheryl Popp, 650-614-1630, or Lisa James, 650-614-1632, Sierra
Scott, 650-614-1633, all of CSFB - Palo Alto/
/Photo: NewsCom: newscom.com
AP Archive: photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467/
/Web site: corp.csfb.com
(CMGI)
CO: Credit Suisse First Boston Corporation; CMGI, Inc.; Credit Suisse Group
ST: California, Switzerland
IN: FIN
SU: RTG
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