|
CNN-TV just interviewed the CEO of "CMGI", Mr. David Wetherell,--he's supposed to be one of the top investors in Internet stocks in the United States. He said "there has never been a greater wealth creation in the history of mankind than in the Internet so far". Over all, CMGI's investments have returned nearly 5000%. The company's (CMGI) own stock has soared more than 17,000% since it went public 5 years ago . Looks like the business of CMGI is in the investing in new up-and-coming Internet stocks not to buy out, but to buy in.???? i.e.Some of his BIG MOVES started in 1995, when he bought a large slice of Lycos for $2 million and today it is worth in excess of $500 million. CMGI invested $2 million in GeoCities. I think Yahoo plans to buy GeoCities for $5 billion. They own a large slice of Raging Bull plus hundreds of new little Internet companies, then they promote them and Advertise them in the New York Newspapers.!!He just missed out on buying a large slice of EBAY when they had little value. ----So I'd say our small, Canadian Internet stocks better watch out. Companies like BID.COM (BII), VALUENET (VNE), BRIDGES (BIT), MICROFORUM (MCF), MADISON, (MADI), CYBERSURF (CY). He likes to invest between $2 and $5 million in new small Internet companies, for a slice of the action.!!! See the interview on CMGI's SI tread --post #5053. Very interesting. I wonder is CMGI aware of Canadian Internet stocks? |
