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Technology Stocks : CMGI What is the latest news on this stock?
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To: stock_bull69 who wrote (8691)5/25/1999 7:03:00 PM
From: bargainman   of 19700
 
Steve -- It's important to remember that the current onslaught is more directed at high P/E stocks than internets in particular. Other high P/E stocks are getting hit too as the "value" mantra sweeps the Street. It just happens that internets have the highest P/E's going. I see some balance coming later in the year as improved revenues and earnings bring acceptance of slightly less higher P/Es for the internets and share prices find their proper levels. CMGI and MSGI are particularly well positioned to wow the analysts in that regard. I suspect that we are moving into a period where the market will differentiate more carefully among the internet stocks and, again, that is where CMGI will shine. We knew this cloud was coming at us. But it WILL pass. -- Regards
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