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

To: Hobie1Kenobe who wrote (10432)	6/18/1999 10:55:00 PM
From: Gator	Read Replies (1) \| Respond to of 19700

From my Inbox tonight...yes, it's also about CMGI, read on... We will be watching several stocks closely. We have recently taken an additional position in Starnet Communications (OTC BB: SNMM). We feel that this stock that we feel will be our largest point gainer in 1999. This company will report earnings some time in July and expects a Nasdaq National Market listing to be announced within 45 days. When a company goes to the Nasdaq NMS, a little helping hand comes along called institutional investment. Since Starnet is a leader in its sector and is already profitable, we expect a few analysts to get off their conservative butts and consider the online gaming industry for a change. Recently this stock has formed a base pattern and today we have seen some selling. Next week, we will be visiting the Online Gaming Expo in Vancouver which happens to be sponsored by Starnet. Starnet is giving tours of its office to everyone at the gaming expo and, if all goes as planned, we may see a run-up in the stock price as early as next week and continuing into the week after thousands of investors are introduced to this CMGI of the online gaming industry. We expect a $1 billion market cap to be placed on any leading company within the various Internet sectors that is traded on the Nasdaq National Market. As Starnet trades at around a $300 million market cap with the stock price around $12 per share, a $1 billion market cap would imply a $40 share price or a 233% upside for their stock price. We started following Starnet in December of 1998 at $1.50 and are still very bullish on this company. Other stocks that we will concentrate on in anticipation of a rally in July are CMGI, which now trades at a reasonable Price-to-Earnings Ratio which still undervalues the potential value of their holdings, DoubleClick, Excite@Home, and Inktomi. Just like Starnet, these are leaders within their sectors. When the markets heat up, these stocks light on fire. Others which may see a boost in July are Lycos, E*Trade, and the recent Latin ISP IPO, StarMedia.