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

To: Rene Madsen who wrote (10413)	6/18/1999 3:25:00 PM
From: Jenne	Respond to of 19700

An Ideal Report From the Floor By James J. Cramer 6/18/99 2:06 PM ET If I were reporting live from the floor of the New York Stock Exchange, here is what my copy would be: "If someone were to tell you that Intel (INTC:Nasdaq) would be downgraded by Morgan Stanley, the premier bull on the chipmaker, and the Nasdaq would be up anyway, you'd have to marvel at the strength of this market. "Yes, on top of yesterday's gain and the gain on Wednesday -- the largest single point increase in Nasdaq history -- the bulls just keep buying. "I've talked to a number of traders today both on this floor and at the Nasdaq, and they are blown away with the strength of this market. One longtime hedge fund manager described the trading as "remarkable," especially considering that Intel is down almost 3 1/2. "What's behind the strength? A strong IPO market, including a couple of roaring dot-coms, as well as frenzied -- the volume is extremely high, even for a triple-witch -- attempts by large institutions to get long after the Big Bad Events of the week, the CPI and the Greenspan speech, turned out to be benign. "As far as sectors, for the first time we are seeing tremendous strength in retail, a group that had cooled ever since the Fed changed its bias. "Now back to you, blah, blah, blah." Would it be too much to ask to have something like this?

To: Rene Madsen who wrote (10413)	6/18/1999 3:37:00 PM
From: LarryCPA	Read Replies (1) \| Respond to of 19700

Rene, CMGI makes the decision in conjunction with the underwriters. My guess is that since few shares are being issued the extra cost is not justified. I'm not sure why the SEC imposes these restriction, but it probably has to do with keeping the brokers from doing overseas what they are not allowed to do here. (False claims, market manipulation, etc.) As with all government policies the practice often falls short of the principle. Perhaps CMGI could do what SFE is doing for it's small holders, which is put the shares into a voting trust which you could then buy into.(I don't know whether or not that is legal either.) You might want to contact IR at safeguard.com and see what their non-US restriction they have, as CMGI seemed to borrow their plan. All in all the IPO market isn't so wonderful that the few shares you will miss will mean much. Larry