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Strategies & Market Trends : Angels of Alchemy

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To: CrayUSA who wrote (21472)	11/25/2000 3:32:40 AM
From: SirRealist	Read Replies (1) of 24256

All you CMGI lovers: hope you're aware of a pending dotbomb charge pending: >>iCast --Is: Entertainment website --Born: February 1999 --Status: CMGI, the holding company that owns iCast, will sell or shut down the entertainment website by January 2001. CMGI is expected to take up to a $90 million charge for the shutdown. --Burn rate: Unknown "We realize that market conditions ... necessitate CMGI taking fewer and shorter runways to achieve our ambitions." -- CMGI CEO David Wetherell <<

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