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Technology Stocks : CMGI What is the latest news on this stock?
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To: Jon who wrote (3163)12/21/1998 8:21:00 PM
From: 007  Read Replies (1) of 19700
 
Too All: Here is a very nice article and link that is great!
CMG Information Services
Recommended Minimum Holding Period:  10 Years
(Nasdaq:  CMGI)
        CMG is kind of like an Internet venture capital firm, with two differences.  First, CMG is a publicly traded stock, with the company's investments in various Internet startups being their main assets.  Second, unlike most venture capital firms that screw up more often than they succeed, CMG has a nearly unblemished track record.  In fact, out of the dozens of private Internet companies they have invested in, only one has gone bankrupt.  As for their successes, they include having made huge investments in Lycos (Nasdaq:  LCOS) and Geocities (Nasdaq:  GCTY) when these companies were working out of their founders' garages and bedrooms.  As a result, CMG now owns millions of shares of these multi-billion dollar corporations, shares which they bought for a few pennies each.  As you might've guessed, CMG also currently has investments in a slew of promising private companies such as NaviSite, Engage Technologies, and Planet Direct among others.  The growth potential of the Internet in the next 10 years is nearly unlimited, and I think CMGI is a great way to play it out.
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M. Solum
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