Jan, CMGI should benefit from being added to the Nasdaq 100 index as index funds will be buyers.
<ANDOVER, Mass.--(BUSINESS WIRE)--March 15, 1999--CMGI, Inc. (Nasdaq:CMGI - news) today announced that it will become the latest component of the Nasdaq-100 Index®, effective at the close of trading Wednesday, March 17, 1999. CMGI will replace Netscape Communications Corporation (Nasdaq:NSCP - news), which is being acquired by America Online, Inc. The Nasdaq 100 Index is a modified capitalization-weighted index comprised of the largest and most active non-financial, domestic and international issues listed on the Nasdaq exchange.
''Joining the Nasdaq 100 alongside Internet industry peers such as Yahoo and Amazon.com is a strong validation of the success of CMGI and the value we've provided for our shareholders,'' said Andrew Hajducky, Executive Vice President and CFO, CMGI. ''Our inclusion on the index will help bolster that success in the future by increasing our visibility among important investors and industry analysts, and introducing our company to new audiences looking for a proven vehicle to invest in the Internet.''>
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