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

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To: Sowbug who wrote (451)4/30/1998 4:22:00 PM
From: The Vinman  Read Replies (3) of 19700
 
This stock is doomed. Margins in the last quarter were a negative 32.7%, net revenue decreased from the last quarter from 25.1 mill. to 17.8 mill. Net "income" was a loss of 5.8 mill. I would suggest anyone holding this stock to sell Friday, it is overvalued and is due for a major correction. It's part of the internet hype that is going to come crashing down on all the stock holders of these hyped stocks....CMGI is a no growth story as you can see from the results posted above...

Vinman
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