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Technology Stocks : CMGI What is the latest news on this stock?
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To: Craig Rogers who wrote (3308)12/31/1998 4:47:00 PM
From: DAVID BANISTER  Read Replies (1) of 19700
 
expect some initial selling first few days, but then buyers will come back in before the split. The stock could see 91-95 range early next week, but that will be short lived. The following week it will run back to 110-115 before the split. After split, the internet stocks will pause a bit, but look for 75 per share post split by march. This company is still dramatically undervalued at 2.6 billion or so market cap. Just getting started really. Yahoo is like 24 billion market cap...perhaps justified, maybe not. But CMGI has stake in lycos, geocities, and some promising new internet sites doing very well that could go public. A 3rd round of venture capital just finished up and more investments being made. Its a company to hold 5-10 years as the internet grows...the values of the franchises they own and develop will be much higher and bid up. This company should be worth about 5 billion by end of 99. Look for post split price then of around 110 per share 12-99... or 220 on todays numbers... hold it.
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