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Technology Stocks : CMGI What is the latest news on this stock?

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To: HG who wrote (6323)3/18/1999 1:54:00 PM
From: Ken  Read Replies (1) of 19700
 
DW is going to own LCOS soon enough.

(the following is just my theory)

He is putting the afterburner on CMGI (to the short-term benefit of the stockholders) to quickly add to the market cap. He can liquidate bits of CMGI stock so he can pick up portions of LCOS here and there on the open market. LCOS will probably flounder as it awaits a settlement on the USA deal.

Come July, CMGI just may be the largest shareholder of LCOS! Now who says USA will win?

What would really make this interesting is if Mr. USA Networks starts buying chunks of CMGI to gain control! :)
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