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: Doug Meetmer who wrote (4465)	1/29/1999 12:28:00 PM
From: Peter Blanchard	Read Replies (1) of 19700

Boston Globe article .... from today !!!!!!!! This is from the boston globe... ..... Among the investors basking in the afterglow of the Yahoo-GeoCities deal is Andover-based CMGI Inc., which owns about 27 percent of GeoCities. CMGI bought its stake of less than $6 million in January 1996. Yesterday, Yahoo stock closed up 31 7/8 at 367 1/4 on the Nasdaq exchange, making CMGI's investment worth $948 million. ''Now we're the proud owner of just under 3 percent of Yahoo,'' said Bill White, president of CMGI's Internet business group. White added that CMGI has every intention of hanging on to its Yahoo shares.

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