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Technology Stocks : CMGI What is the latest news on this stock?
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To: White Shoes who wrote (18676)12/5/2000 11:15:27 PM
From: Nirmal  Read Replies (1) of 19700
 
Insider buys & 2001 performance
I have been holding CMGI for last 1 and half years. Lost a bunch, and decided to research and sell if there is no future potential in CMGI. Part of my research reveals recent buys. Nearly for $6 million by CEO and a director. Maybe these guys have tons of money. But, one can't ignore that this many millions is no small change. Also, the company has issued "Financial guidence for 2001" in its website. I guess companies are revealing things that were given only to analysts before because of recent SEC suggestions. Here are the excerpts from that ......which looks very positive, given current stock price.

In keeping with its new operational structure, CMGI has outlined detailed P&L guidance by segment on a going forward basis,
including segment P&L guidance on a revenue and EBITDA basis as well as for CMGI on a consolidated basis. Guidance for its
venture capital segment is limited to operating expenses only. Key overview points represented in the guidance included:

Projected year-over-year revenue growth of 80% to 90% resulting in expected revenue of approximately $1.65 billion for
fiscal year 2001;
As of November 13, 2000, the company maintained a strong cash and available-for-sale securities position of
approximately $940 million and $210 million, respectively, not including subsidiaries;
Projected profitability on an EBITDA basis for four out of five operating segments by the end of fiscal 2001;
Projected gross profit margin improvement to more than 30% in fiscal Q4 from 10% in fiscal Q1;
Improvement in CMGI's expected EBIDTA performance over the next three fiscal quarters to a loss of approximately $25
million in Q4 from a loss of approximately $225 million in Q4 FY 2000;
A projected consolidated cash position at the end of FY 2001 of more than $700 million, assuming no external fundraising
for either CMGI or its companies; and
Expected consolidated CMGI revenues increasing 182% for the first quarter of fiscal 2001 versus consolidated first quarter
revenues in fiscal 2000.
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