Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Richard Tsang who wrote (7363)	6/11/1999 12:18:00 AM
From: Dale Baker	Read Replies (2) \| Respond to of 118717

Analyzing CMGI on a quarter by quarter basis is really a waste of time since they aren't built around "normal" operating earnings. Between their investments and their current and planned operations, you have a complex beast whose overall value keeps going up. I would buy the dip if I were looking to add CMGI to my portfolio. I won't be selling what I have now, but it's not a large position either. I cut back on all my Internuts when they were higher. CMGI posts loss after charge for I/PRO acquisition ANDOVER, Mass., June 10 (Reuters) - Internet venture firm CMGI Inc.(Nasdaq:CMGI - news) on Thursday posted a net loss of nearly $28 million for its fiscal third quarter as investment gains were offset by a charge tied to an acquisition during the quarter. For the fiscal third quarter ended in April, the company reported a net loss of $27.8 million, or 30 cents per diluted share, compared with a net profit of $13 million, or 14 cents per share in the quarter ended April 1998. The reported loss was wider than the published consensus estimate of Wall Street analysts, which was for a loss of 13 cents per share, but the comparisons are typically muddied by divergences over when to include some of CMGI's investment gains. Revenues for the quarter were $43.7 million up from $18.1 million reported in the same quarter last year, fueled by growth in the company's Internet investment business and to a lesser degree by its marketing fulfillments services unit. The latest quarter's results included a pre-tax gain of $859,000 from its holdings in GeoCities, the Internet community site that was acquired by Yahoo! Inc. (Nasdaq:YHOO - news) in late May, after CMGI's quarter closed. These results were weighed down by a one-time charge of $4.5 million for writing off research and development costs of Internet advertising firm Internet Profiles Corp. (I/PRO), which it acquired during the period. CMGI's third quarter operating expenses for continuing operations of $77.7 million, reflect a 29 percent increase from the second quarter ended in January 1999 and an 87 percent increase from the year-ago third quarter results. CMGI hired an investment bank during the period to help wage a successful battle against the merger of Lycos Inc.(Nasdaq:LCOS - news), its largest investment, into broadcaster and electronic commerce company USA Networks Inc.(Nasdaq:USAI - news)