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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (24442)9/21/2000 9:05:39 AM
From: Kelvin Taylor  Read Replies (1) of 53068
 
Analysts see CMGI losses widening
Net incubator still rated a ‘buy' ahead of Thursday report

By Barbara C. Costanza, CBS.MarketWatch.com
Last Update: 4:01 PM ET Sep 20, 2000 NewsWatch
Latest headlines

LOS ANGELES (CBS.MW) -- Red ink isn't considered a negative as Internet incubator CMGI prepares to report fourth-quarter earnings Thursday.

Analysts polled by First Call currently expect a loss of $2.45 a share. One analyst polled by First Call, Mark Rupe of Dain Rauscher Wessels, anticipates a loss of $2.46 a share. In the year-ago period, the company posted a loss of $2.12 a share. Rupe is maintaining his aggressive "buy" on CMGI(CMGI: news, msgs).

The 52-week price range is $164 to $33 a share. Rupe has an adjusted 6-month price target of $50 a share.

cbs.marketwatch.com
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