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

To: JScurci who wrote (9525)	6/10/1999 2:24:00 PM
From: Scarecrow	Read Replies (2) \| Respond to of 19700

Scurvy -- Enjoying that 10,000 share short position, still? Your post is patently and pathetically transparent in its agenda. Go ahead, bogeyman. Scream "Fire" in the theater. No one's listening. The current higher rate environment is decidedly unfriendly to all these ultra-high valuation story stocks a) Higher rate is already priced in. I agree with others who've noted that removing the uncertainty will be a relief. A rally? Maybe, but certainly no tankage on a 1/4 hike. b) "These ultra-high valuation story stocks"? CMGI "ultra-high"? Gimme a break. Its valuation is far lower than most. Don't paint CMGI with the KOOP/EGRP/AMZN tar-brush. That's where you don't get it. You see "Internet" and think it's all the same. Didn't they teach you to differentiate wheat and chaff when you were at Yale? I suspect that many trapped bulls have vainly held off from selling in hopes that earnings season would bail them out of their foolish, fadish investment choices. Foolish? Fadish (is that even a word?)? <smirk> Yeah, that Internet -- just a fad. It'll never last. PCs? just a yuppie toy. Cars? who needs 'em? Telephones? just a trendy plaything with no real value. Trains? Who wants to dig all that coal? My foolish, fadish investment has made me six-figure money. I wish you could save me from that. I'm sure if you had it your way, we'd all be enjoying passbook-like returns (at least they're, you know, SENSIBLE investments). Seems to me the only foolish investment you mention is the 10K short position you've swallowed.

To: JScurci who wrote (9525)	6/10/1999 2:37:00 PM
From: Hands Off	Read Replies (2) \| Respond to of 19700

"Internet generated $301 billion last year" This is a headline in USATODAY - paper edition. I did not find the article on the usa website. The study was done by Univ of Texas and sponsored by CISCO so there is a bias. Highlights: 1. Internet economy generated $301 billion in revenue last year. 2. 1.2 million jobs created in 1998 3. $301 billion is small when compared to US $8.6 trillion economy but large when you compare it to US carmakers which had $350 billion 4. Internet economy doubling every 9 months - not the 12-18 months previously estimated. There is more, revenue per internet employee is $250,000 vs $160,000 for non-internet workers, $301 billion in revenue is almost as large as the economy of Switzerland, etc. It breaks down the internet into 1). infrasture, the hardware 2). applications, software 3). intermediaries, travel agents/brokerages 4). e-commerce. Most of the revenue comes from #1 - $115 billion. CMGI is in #2 & #4. (Any thoughts on the % in each?). The whole article, in theory, is at internetindicators.com but I have not been able to access it. Marshall

To: JScurci who wrote (9525)	6/10/1999 2:44:00 PM
From: Mark Peterson CPA	Read Replies (3) \| Respond to of 19700

John, welcome back. Appreciate your sharing your point of view although I personally feel differently. Am long the stock (52K shares) and somewhat hedged at the current level. Sold the July 110's, 120's, 125's, and 130's against the entire position. Here's hoping the stock gets called. Obviously, our respective self-preservation instincts have to support our investment positions. But good luck on yours. And thanks again, for your point of view Best regards, Mark

To: JScurci who wrote (9525)	6/10/1999 4:20:00 PM
From: Nelson Chang	Read Replies (1) \| Respond to of 19700

Regardless of this guy's position, there is some truth to this. Anyone who knows anything about net stocks, knows that there is great anticipation for earnings. Especially CMGI, one the most heavily held net stocks by fund managers. In this environment, because of higher interest rates where fixed income is looking better and better, and stocks especially those w/ high valuations are looking riskier and riskier, people are looking for a reason to justify holding stocks or letting go of positions. Notice I didn't say adding to positions. ...not to mention, net stocks are just sucking lately. >>>I'd expect a solid sell-off after today's earnings (or lack thereof). The current higher rate environment is decidedly unfriendly to all these ultra-high valuation story stocks, and I suspect that many trapped bulls have vainly held off from selling in hopes that earnings season would bail them out of their foolish, fadish investment choices. This will trigger postponed selling regardless of tonight's meaningless earnings report. regards, John <<<