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

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To: Millionairess who wrote (3319)1/1/1999 8:09:00 PM
From: Brian Malloy  Read Replies (1) of 19700
 
The Top Entrepreneurs
Has there ever been a better time to be an entrepreneur? Certainly not for those connected in any way, shape, or form to the Net. From Boston to Silicon Valley to the Far East, those entrepreneurs who were clever enough to tap into one of the biggest business booms ever have seen their fortunes snowball. But plenty are also succeeding outside of cyberspace. For entrepreneurs everywhere, good ideas and the energy and knowhow to pursue them were the keys to success in 1998.

A KEEN SENSE OF SITE
-- DAVID S. WETHERELL, 44
, has a knack for spotting Net companies with staying power. His CMGI Inc. is a Web holding company with controlling stakes in such hugely popular sites as Lycos and GeoCities. He picks 'em early and guides their growth. All together, his 31 ventures rank No. 2 in Internet traffic, trailing only Yahoo! That kind of reach, plus a $39 million profit for the fourth quarter, pushed CMGI stock up 693% in '98, to 120.
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