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Technology Stocks : CMGI What is the latest news on this stock?
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To: Jenne who wrote (5919)3/12/1999 10:39:00 PM
From: George Martin  Read Replies (1) of 19700
 
Jenne- Thanks for article on CC and reaction. Enjoy appreciate your posts on several SI boards. FWIW, there were several posts last night referring to CC issues, LYCOS, and split decision: 5795 -- 5802 -- 5805. By the way the CC is definitely worth listening to for anyone who's interested: CALL IN UNTIL MIDNIGHT TONIGT to listen to replay: 800 475-6701 , code 437569 or GO TO CMGi INVESTOR RELATIONS webpage (also worth the visit) and listen to replay with RealPlayer. About the NO SPLIT DECISION: When asked about the split in the CC, DW mentioned at one point that they did not want to "manipulate or control" the stock price. I thought at the time and wrote in an earlier post, well maybe we should respect DW's restraint and discipline in holding back, plus obviousl also the uncertainty of the Lycos situation and how that might play out vis-a-vis the need for 'stock currency.' However, TODAY'S ARTICLE IN THE WSJ ABOUT DILLER AND WETHERELL -- A MUST READ ANY CMGI INVESTOR-- casts some new light on this. In the article Diller accuses DW of attempting to manipulate and inflate CMGI's stock price by opposing the USAI Lycos deal. Pretty strong quotes on both sides, highlighting 'new media' vs. 'old media' with DW being quoted that 'old media' needs Lycos more than Lycos needs old media. Looks to me like these accusations by Diller put DW in a defensive position and maybe played some small part in the 'no split' decision. Historically, we know CMGI announced split the last two times -- 5/98 and 1/99 -- when the stock was in the 90's so expecting a split at twice that price seemed to be a no-brainer, again with the Lycos situation being an understandable reason maybe to delay it. Great news about CMGi's selection for the NASDAQ 100. Also article by BBRS on @ Ventures IV international focus also very interesting and promising. Thanks and good luck -- George Martin
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