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Technology Stocks : CMGI What is the latest news on this stock?
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To: bargainman who wrote (7259)4/19/1999 12:13:00 PM
From: PDL  Read Replies (1) of 19700
 
There was also a major piece on the op-ed section of the WSJ today on "Are Internet Stocks Overvalued? Absolutely!" or something like that. Written by a Wharton professor, with primary focus on the big cap internets like AOL. The sentiment was "sooner or later, the internets valuations have to be reconciled with actual profits and on any historical basis, they are grossly overvalued today."

There will be a "counter argument" presented on the same page next Monday.

I expected this article (along with the other "rotation to value" stories) to keep the pressure on the successful internets like CMGI and MSGI -- sounds like the Morgan Stanley analyst is singing the same song.
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