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

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To: Scarecrow who wrote (1050)8/4/1998 6:18:00 PM
From: Urlman  Read Replies (3) of 19700
 
Crow sounds good to me ..CMGI owns 800,000 AMZN shares now ...cheers!
-Urlman

Tuesday August 4, 3:41 pm Eastern Time
CMG Unit to Sell Stake in Affiliate to Amazon.com
CMG INFORMATION SERVICES INC. Subsidiary to Sell Stake in Affiliate to Amazon.com
Aÿ

Aug. 4, 1998, CMG Information Services Inc. (Nasdaq:CMGI - news) said CMG @Ventures II, a venture capital subsidiary, signed an agreement to sell its 25% stake in PlanetAll to Amazon.com Inc. (Nasdaq:AMZN - news) for 800,000 AMZN shares plus assumption of all outstanding options.

PlanetAll is a Web-based contact management service.
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