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

To: Hands Off who wrote (10151)	6/15/1999 10:05:00 AM
From: Jenne	Respond to of 19700

CMGI Announces Directed Share Programs for Majority-Owned Internet Companies BUSINESS WIRE - June 15, 1999 08:42 ANDOVER, Mass., Jun 15, 1999 (BUSINESS WIRE via COMTEX) -- CMGI, Inc. (NASDAQ:CMGI), a leading diversified Internet operating company, today announced that it plans to institute Directed Share Programs for its majority-owned operating companies which undertake initial public offerings. The program will begin with the initial public offering of CMGI's Engage Technologies subsidiary. It is currently expected that Engage will reserve a limited number of shares of its initial public offering for qualified CMGI shareholders at the offering price. Individual CMGI shareholders who own at least 100 shares of CMGI Common Stock at the close of business on June 15, 1999, and who meet certain eligibility requirements, will be invited to participate. On May 7, 1999, Engage filed with the Securities and Exchange Commission a registration statement for the initial public offering of its Common Stock. A letter detailing the specific terms for eligibility and participation in the Directed Share Program will be mailed to all eligible CMGI shareholders shortly. CMGI intends to institute similar directed share programs for each of its majority-owned operating companies that undertakes an IPO; however, it reserves the right to revise or discontinue such programs at its discretion. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor offers to buy be accepted, prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which its offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

To: Hands Off who wrote (10151)	6/15/1999 10:51:00 AM
From: badon518	Respond to of 19700

marshall one problem that you have put your finger on is the plethora of internet ipos. some of these would probably be better off as privately held companies. for example, although drkoop.com is probably an excellent site for health information, and dr. koop is a reknown expert, is his website really a candidate to be publicly traded? should every mom and pop grocery store be publicly traded along with supermarket chains? and because of this, the market has, i believe, become indifferent to the ipo's some of which companies properly should be publicly traded. perhaps filings with the sec for cmgi's ipo's ought to read, beware of cheap imitations, accept no substitute. but it is the incubator aspect of cmgi that i believe is its underlying fundamentla strength but current short term weakness. imho