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

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To: surfinSteve who wrote (580)6/14/1998 9:50:00 AM
From: Doug (Htfd,CT)  Read Replies (1) of 19700
 
Red Herring: "EARNINGS UPDATE: CMG DISAPPOINTS; WHAT'S NEXT?"

An article by Peter D. Henig of Red Herring Online takes a bearish tone with regard to CMG's recent earnings announcement, and comments on CMG's recent sales of a substantial amount of LCOS shares and the upcoming Geocities IPO.

June 11, 1998 story begins:
"CMG Information Services (CMGI), a onetime Wall Street unknown which found Internet stardom just a few short months ago, laid an egg on Thursday, announcing third quarter earnings that were a 45 percent surprise to the downside.:

Full story at redherring.com

Doug (sold out of CMGI ... no position at this time)

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