CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: Jonathan Brown who wrote (445)	4/28/1998 6:23:00 PM
From: Doug (Htfd,CT)	Read Replies (2) of 19700

CMGI featured in 4/28 IBD "Computers & Technology" p.8 A few words from the copyrighted story, as copied in full on Yahoo's CMGI message board messages #665 and 666: "Even after the recent drubbing of Internet stocks, CMG boasts a market value of nearly $900 million. Another example of a buying panic in a wildly irrational bull market? Perhaps not." * * * "Investors are betting that Andover, Mass.-based CMG soon will take more of its ventures public. CMG Chief Executive David Wetherell lends credence to the notion. ''There are a host of companies that are well-positioned enough to consider it over the next 12 to 24 months,'' said Wetherell. He lists eight."" * * * "A few months ago, analyst Naik valued all of CMG's investments at $536 million, or $52 a share. Naik predicted CMG would be worth $874 million - $85 a share - within a year. CMG has already topped those valuation targets. Is CMG overvalued? Not for ''people looking for Internet companies with a one- to two-year time horizon,'' Naik said. * * * Doug (long CMGI)

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