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: Grabs who wrote (4432)	1/28/1999 7:27:00 PM
From: Gary105	Read Replies (1) of 19700

Commentary: CMGI will soon hold shares of the 2 leading portals LCOS and YHOO. Stock swap of GCTY for YHOO allow CMGI to profit without paying taxes. Warren Buffett sets example - he originally had ABC which was acquired by Disney in stock swap and now holds DIS. The key to future success will be not only nurturing the startups but selling them without tax consequences - todays deal was perfect, everyone wins - GCTY shareholders, YHOO will be much stronger and CMGI gets a piece of the internet leader. Fewer portals means more value for those remaining - such as GNET (not a CMGI holding) and PlanetDirect (wholely owned by CMGI) - I like the feel of the latter and believe it is the dark horse in CMGIs portfolio.

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