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

To: BeachCrunc who wrote (10690)	6/22/1999 10:23:00 PM
From: Jenne	Respond to of 19700

Cramer Question: If CPQ does spin off Alta Vista, how will that affect their stock holders, will they spin it off to current stock holders? There is rumor that CMGI is trying to buy it, how will that affect stockholders? PF Trader: Right into the .com stuff! TSCNYjjc: I thought the CMGI rumor was completely bogus. That rumor started with Dan Dorfman, who was famous for bogus rumors at CNBC and now seems to be up to his old tricks. I blasted out of some Compaq as soon as I saw that one. Jeesh! TSCNYjjc: How does he get away with this stuff? I don't know what Compaq's plans are for Alta Vista these days. I don't know if they do either! I have 150 Compaq puts on though. TSCNYjjc: I didn't think there was anything to this selloff besides profit-taking and I used it to buy some of my faves. Question: Bonds are putting pressure on equities, are we getting ready for a short summer 99? Still, most of the "dows" have a very hefty p/e. Can you see a downside of 10%? TSCNYjjc: No, I don't think so. I don't see a major correction. I have a hefty cash position because I am unexcited about the market and when I am not excited I tend to park in cash. If I hated the market I would have a large number of shorts. I don't have any shorts to speak of at all. I just like the sidelines.