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

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To: surfinSteve who wrote (585)6/14/1998 6:57:00 PM
From: Premier  Read Replies (1) of 19700
 
Steve:

I have been lurking on this board. I have posted my views on Yahoo board under the same identity. I think Red herring link Doug posted is outdated. Its common knowledge that GCTY is raising 72.45m by selling 10% to 15% of the company. Goldman,DLJ and H&Q are the underwriters. If the stock is as successful as INKT them GCTY will command market cap of 966m to 1.4B. At those valuations gcty will be worth $16 to $24 to cmg. LCOS is currently worth $13 per share. You may consider balance of 21 private companies to be worth more than $7 to cmg.

IMHO, cmg is buy short term and long term. Good luck to all.

Premier
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