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Technology Stocks : AltaVista Company (ALTA)
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To: Glenn Petersen who wrote (104)2/1/2001 8:33:54 AM
From: fut_trade  Read Replies (1) of 110
 
CMGI had more than $8 billion in cash at one point. Now they are down to $1.7 billion, and CMGI is currently trading just above cash value. In 1997, CMGI owned 80% of Lycos, but according to an article, they now own "about 1 percent of Terra Lycos' outstanding shares" - Terra Lycos is currently valued at more than 8 billion.

Somewhere along the way CMGI screwed it's shareholders, but David Wetherell made out quite by nicely selling a chunk of his CMGI holdings during the bubble. I think he really needs to cut back on his salary a little, which is more than $1 million.
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