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

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To: Jenne who wrote (8474)5/21/1999 3:18:00 PM
From: LOGAN12  Read Replies (1) of 19700
 
FORTUNE 6/7 issue(Magazine): David Wetherell's comments on valuations:
"We have a formula of looking for technology-driven sites-sites where the incremental cost of scaling up is minimal relative to the magnitude of the revenue opportunities." The article stated CMGI is the Berkshire Hathaway of Net investing. "Investors can't use their customary yardsticks. They have to either stay away or judge the Net stocks purely by making a guess about their potential to earn a lot of money sometime in the future."
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