CMGI sells off pair of Net stocks
By Matt Andrejczak, CBS.MarketWatch.com
Last Update: 1:40 PM ET Nov 17, 2000
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WASHINGTON (CBS.MW) -- CMGI, which invests in and operates a host of Internet companies, disclosed in a regulatory filing Friday that it liquidated stakes in Critical Path and Kana Communications. It also reduced its holdings in eBay, the online auction site.
According to documents filed with the Securities and Exchange Commission, CMGI (CMGI: news, msgs) said it sold 1.3 million shares of Critical Path (CPTH: news, msgs) , a supplier of Internet messaging and collaboration solutions; 3.7 million shares of Kana Communications (KANA: news, msgs) , a provider of enterprise relationship management solutions; and 942,000 shares of eBay (EBAY: news, msgs) .
The holdings were sold between July 31 and Oct. 31.
Shares of CMGI slipped 94 cents to $12.19 in recent trading. The Andover, Mass.-based company's shares have been under pressure since CMGI announced earlier this week its financial forecast for fiscal 2001.
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Matt Andrejczak is a reporter for CBS.MarketWatch.com. |
