CMGI What is the latest news on this stock? Message Board

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

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To: lin huan chen who wrote (4314)	1/24/1999 3:48:00 PM
From: Gary105	Read Replies (2) of 19700

To correct several incorrect posts: 1. Price to book value is 28 based on Friday's close - not 1 or 2. 2. Valuations used by analysts and thread members are rough estimates of enterprise value - which is significantly different than book value. 3. Enterprise value = company's share of public companies + estimate of value of privately held companies = about $30/share plus estimate of value of privately held companies. 4. CMGI owns stakes in about 2 dozen private companies, the sum of the stakes is equivalent to about a dozen whole companies. This provide a lot of diversification. 5. IMO most of the private companies can be valued in the $100M range (order of magnitude estimate) - planet direct has a lot of potential (maybe its a plus billion $ company ultimately - but not now). 6. So there is wide variation in valuation - lets say $40 - $100/share. Also the valuation is relative to the entire internet sector. 7. Finally people need to realize that a lot of money is currently being made over the internet - but its not by the "internet companies" - its by CSCO, DELL, INTC - each have well over a billion $ in internet sales.

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