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

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To: Sowbug who wrote (3240)12/23/1998 6:01:00 PM
From: Robert Rose  Read Replies (1) of 19700
 
< I believe CMGI has dividended IPO stock in the past (Lycos?). If any long-time holders are here, please tell whether this is true. >

True re: Lycos. However, CEO David Wetherell stated on the Yahoo CMGI thread (he posted there for a few weeks in Aug '98) that CMGi was not planning to dividend shares on any future IPO's. He indicated that this was due to tax laws that did not favor this type of arrangement.

He is a *very* classy guy. Those posts are worth the read. After I read them, I doubled my holding to 25% of my portfolio. And am I glad I did!

Long CMGi and loving it!

Rob
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