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

To: Mark Peterson CPA who wrote (9655)	6/10/1999 6:56:00 PM
From: Sir Auric Goldfinger	Read Replies (2) \| Respond to of 19700

Until your margin call comes! LOL. "CMGI Posts 3rd-Qtr Loss as Operating Expenses Double (Update1) 6/10/99 18:38 CMGI Posts 3rd-Qtr Loss as Operating Expenses Double (Update1) (Adds analyst comment in 4th, 7th paragraphs, details in 5th, 6th paragraphs, closing share price.) Andover, Massachusetts, June 10 (Bloomberg) -- CMGI Inc., an Internet venture fund, said it posted a fiscal third-quarter loss, compared with a year-ago profit, as its operating expenses almost doubled. CMGI had a loss of $27.8 million, or 30 cents a share, in the quarter ended April 30, compared with net income of $7.9 million, or 9 cents, a year earlier. It was expected to lose 13 cents, the average estimate of seven analysts surveyed by First Call Corp. Revenue more than doubled to $43.7 million from $18.1 million. Andover, Massachusetts-based CMGI invests in Internet companies through several funds, with the goal of taking them public or selling them to other investors. Its investments include No. 3 directory Lycos Inc. and GeoCities, which offers free Web pages. ''Revenue from CMGI's Internet group grew 116 percent -- that's pretty strong compared to the past,'' said First Albany Corp. analyst Ullas Naik, who rates the stock ''accumulate.'' CMGI also invests in Internet companies such as Engage Technologies Inc. through its in-house investment and development unit. That unit reported revenue rose to $10.6 million from $4.9 million in the quarter ended Jan. 31, CMGI said. CMGI's saw a number of its investments go public or file for initial public offerings during the quarter. Last month, Gateway Inc., the No. 2 direct seller of personal computers, said it's buying a stake in CMGI for $200 million. ''It's an indication of how much value they put in CMGI in the long-term,'' Naik said. Results in the most recent quarter include a pretax gain of $859,000 related to issuance of stock by GeoCities, and a charge of $4.5 million for an acquisition. In both quarters, results also include losses from discontinued operations. In the year-earlier quarter, results include a $24.9 million gain from the sale of Lycos stock and a $24.3 million gain from the issuance of Lycos stock. CMGI fell 3 3/4 to 101 1/2. --Karen Fessler in the Los Angeles newsroom (323) 801-1264 and Aimee Picchi in New York (212) 318-2300 through the San Francisco newsroom/jac/cap

To: Mark Peterson CPA who wrote (9655)	6/10/1999 7:00:00 PM
From: Stephen	Read Replies (1) \| Respond to of 19700

Mark - how can I disagree with you - based upon your post you must know them intimately - I just know them by their actions ... no contest (GG). Stephen

To: Mark Peterson CPA who wrote (9655)	6/11/1999 11:09:00 AM
From: badon518	Read Replies (4) \| Respond to of 19700

mark, if i understood this stuff correctly, wasn't the difference between cmgi's reported loss and the analysts' expectations attributable to some one time events? if i am incorrect, read no further. but if i am correct, then cmgi's recurring operating loss, or whatever accountants call it, was in line with analysts' expectations . if they had done that with one time earnings to exaggerate their eps, there would be hell to pay on the boards-- cmgi can't win either way! so unless cmgi hits perfect earnings each time without one time events, they're screwed. otoh, the fundamentals of the company haven't changed-- it's still the same company it was yesterday before earning were announced. and with its revenue increases, the earnings will surely catch up with it. but maybe i've missed something.