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

To: gizelle otero who wrote (9742)	6/11/1999 8:40:00 AM
From: Guardian	Read Replies (1) \| Respond to of 19700

from internet stock news - friday - sorry if posted already: The most influential speakers at the conference were Harry S. Dent, author of The Roaring 2000's (available at our web site), and Alberto Vilar, CEO of Amerindo Investment Advisors, managers of the top-performing Amerindo Technology Fund with over 90% of its holdings in companies such as Broadcast.com, Ebay, Lycos, and Inktomi. Mr. Dent clearly stated that the Internet will cause a revolution far greater than anything seen before and predicted that the effect of the scalability caused by the Internet will spark a digital economy where traditional valuation methods are completely discarded. He ventured so far as to predict that the Dow Jones Industrial Average and Nasdaq Composite will double or triple by the end of the year 2000 and even cited a large amount of factual evidence which he used to support his argument. Using demographic studies and trend analysis, he blew away the audience poking fun at the traditional investment banking industry. Mr. Vilar, on the other hand, focused on investment trends using a more conservative approach and predicted Internet stocks to become the new staple for the digital economy. He predicted that, as these companies are now the fastest growing companies in the world, the investing public will shift their funds out of slower growing companies such as Airtouch or Home Depot thus allowing Net stocks to set the new standard for growth investing. Mr. Vilar stated that previous growth stocks and more conservative investments would seriously underperform the general markets over the next few years as Internet stocks become the key driving force for the digital economy. Managing one of the largest and most well-known technology funds in the world, Mr. Vilar also predicted the DJIA and Nasdaq to hit new highs as early as next year as we enter an extended bull market caused by the digital revolution. One of his investments continually brought up in his conversations was the company CMGI, Inc. While we had a smile on our face throughout the whole conference, we were somewhat disturbed by the Y2K speakers who, as a group, advised the audience to sell all their stock now as they predicted a large recession caused by Venezuela's inability to provide us with their large supply of oil due to Y2K non-compliance in their computer software. The Y2K panel predicted that this would seriously limit the power plants' ability to produce power therefore causing a draught in the information revolution. These individuals cited the information revolution as the only current catalyst for the markets and only hope for our future economy.