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

To: HECTOR RUBERT who wrote (9587)	6/10/1999 5:31:00 PM
From: S.C. Barnard	Read Replies (2) \| Respond to of 19700

from RB: Earnings mean nothing! If CMGI wanted to sell a little LCOS they easily could have nailed the number. The fact they haven't sold shares makes me know that they have confidence that they can get better value out of their shares at a later date. Thats why I own internet companies, its because I believe I can sell the shares I bought recently for a lot more at a later date. If they hold out for better prices for their shares that gives us better value in CMGI. They can only be valued by their assetts not quarterly earnings.

To: HECTOR RUBERT who wrote (9587)	6/10/1999 5:36:00 PM
From: Scarecrow	Read Replies (5) \| Respond to of 19700

Hector -- You have a point. However, given the almost inconsequential nature of their operating (i.e. recurring) earnings to their business model, I'm not troubled. Did they give upside guidance when they stuffed in all that cash from selling Lycos shares? No. Hey, MSFT gives guidance both ways, right? You give guidance when something fundamentally affecting your company takes place -- something (to use the precise term) material occurs. My read: They didn't sell many mailing lists or stuff a lot of boxes with Cisco routers this quarter. Big frickin whoop. And the other point: they had the brains NOT to take the temptation to sell some of their assets during a DOWNTURN in Internet stocks. They could have, you know. Dump some more shares and pull in lots of cash -- essentially selling off some of the future at these firesale prices. Instead, they don't, saving it for another day when valuations are higher and returns to CMGI are greater. The ownerships in these companies didn't disappear... Nothing material has changed. It's just a case of riding out some sector rotation and a Fed-Storm (like a sh*tstorm!). All IMVHO.

To: HECTOR RUBERT who wrote (9587)	6/10/1999 5:37:00 PM
From: PAL	Read Replies (2) \| Respond to of 19700

Hector: If you buy CMGI based on the earnings, then you are missing the point. CMGI can post any earnings it wants. The business of the company is quite different from a single company. CMGI invests in companies, just like a mutual fund, and the value of CMGI is predicated on the values of its subs. Many times the market give the opposite results from what most people expect. Just like Dell which gave good earnings, but the stock was down the next day. There are many examples of the market behaving opposite what logic tells us. We have expected that CMGI will blow away earnings estimate, then we got the negative result based on earnings only. Have you seen the growth in revenues? I would not be surprised if the market will surprise us on the positive side. Should PPI come within expectation, CMGI might actually go up tomorrow. Expect the unexpected. Good investing Paul