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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: jackhach who wrote (9402)6/8/1999 7:26:00 AM
From: Bob Biersack  Read Replies (1) | Respond to of 19700
 



Monday June 7 7:18 PM ET

CMGI's NaviSite In Deals With Dell And Microsoft
By Nicole Volpe

NEW YORK (Reuters) - NaviSite Inc. Monday said it signed deals with personal computer maker Dell Computer Corp. (Nasdaq:DELL - news) and software giant Microsoft Corp. (Nasdaq:MSFT - news) to promote their products to customers who use Navisite to manage their Web sites.

In return, Dell, the world's No. 2 personal computer maker, agreed to take a 4.9 percent stake in NaviSite, while Microsoft will take a 4.4 percent interest in NaviSite, a majority-owned unit of Internet venture capital firm CMGI Inc. (Nasdaq:CMGI - news)

The alliances make Dell and Microsoft preferred providers of hardware and services to 150 NaviSite clients, including the Web sites of jeans maker Levi-Strauss, stock investment chat-room Raging Bull and Ancestry.com, a genealogy firm.

Financial terms of the agreement were not disclosed.

The chief executive of NaviSite, which manages Web sites on customers' behalf and rents software applications via the Internet to them, said in a telephone interview Monday he considered the deals to be a ''significant endorsement.''

CMGI shares closed up $13.00 to $107.25 Monday, during a day when Internet-related stocks were rebounding after stiff declines in recent weeks for the sector.

In its deal with Dell, Chief Executive Joel Rosen said NaviSite had named the Round Rock, Texas-based computer maker as its preferred supplier of servers, storage and PCs for clients who buy Web site hosting and software services from NaviSite.

NaviSite will use Dell hardware to manage its customer Web sites and software services for customers who do not have a preference for other brands.

Rosen said Dell and NaviSite intend to pursue co-marketing



To: jackhach who wrote (9402)6/8/1999 10:52:00 AM
From: Robert Rose  Read Replies (3) | Respond to of 19700
 
<I'm in sort of a pickle now. I may have to buy back in at
$103.00 (4/21 LO) in spite of the fact that I sold at $97.75 this morning. That hurts.
The next stop below that is the $95.50 (5/25 LO) I was foolishly chasing today. Either
way I'll be sure to find myself in for the bulk of this run to $120/$125.>

Jach, have you ever considered buying and holding? My 5/98 20k investment in cmgi is now worth $222k and climbing. Plus my investment compounds untaxed, plus I pay 20% capital gains if and when I ever sell. This stock alone I expect to set me up for retirement. Granted trading the volatility is tempting. I just thank my lucky stars I resisted it.

Good luck! Rob