CMGI What is the latest news on this stock? Message Board

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

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To: Mark Peterson CPA who wrote (7736)	4/29/1999 1:45:00 PM
From: DJ Oglesby	Read Replies (5) of 19700

Mark: <just proposing to increase the number of shares os> Maybe you can help me understand something. First, I assume a company wouldn't seek to have additional shares authorized unless they planned to actually issue some or most of those additional shares at some point in the future (probably the near future). If a company has X shares issued, and my piece of the pie is say 10 cents per share, wouldn't my slice be cut in half if the company subsequently doubles the number of shares outstanding? That's rhetorical, because I know the answer is yes; my real question is "why doesn't this little detail bother anyone but me?" Authorizing additional shares diminishes the value of the shares I own. Case in point- March 31 DCLK financials - they had an increase in revenues, and appeared to have a decrease in loss per share, but they really had an increased loss per share if you take into account the additional shares (almost 100% more) issued over the comparable periods. I never hear this point discussed, so I figure maybe I'm missing something or oversimplifying. Any clarification will be greatly appreciated. Best regards, DJO

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