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Technology Stocks : CMGI What is the latest news on this stock?
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To: D.J.Smyth who wrote (430)4/22/1998 7:14:00 PM
From: ajunkh  Read Replies (1) of 19700
 
When thinking about the great attention paid to Lycos as a major contributor to CMG's value, remember that its importance will shrink over time. CMG has already cut their stake from about 60% to about 40%, and three new companies are likely to go public this year from CMG's portfolio, including GeoCities, thus adding more obvious value from a broader range of companies. In the annual report they reiterate that they are likely to continue what they did with Lycos and give CMG shareholders (as of the date of the announcement) stock dividends in the companies that go public. If you want to get in on GeoCities and the others pre-IPO, unless you are a big time client of the underwriters, the most likely way is to hold CMG before these announcements take place, in my opinion.

Ajunkh
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