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: neverenough who wrote (8490)	5/24/1999 9:52:00 AM
From: Robert Rose	Read Replies (1) of 19700

From Steve Harmon's Morning Report May 24, 1999: Dear Steve: what is the future of CMGI?" Reply: The future is now. I have always seen CMGI (NASDAQ:CMGI - news) as a public venture capital/holding company for Internet firms. More of the same but the game is more expensive with rewards also likely growing. Consider, CMGI investing $100 million in Internet broadcast startup iCast, headed by Neil Braun from NBC and Matt Farber from MTV. In 1995 you could have started that with $4 million. The problem then was no "traditional" broadcasters wanted anything to do with the Internet and hence Broadcast.com was born by two newbies (and sold to Yahoo for several billion). The great think about CMGI's model is it bets on many things at once, diversifies its risk. Deploying its capital in Internet time will be its biggest challenge, but that's a challenge held by every investor.

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