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

To: James Thompson who wrote (10696)	6/23/1999 12:21:00 AM
From: Mark T Warren	Read Replies (1) \| Respond to of 19700

Can anybody verify the $100 after hours price? If CMGI goes down tomorrow DW's pic will no longer be my desktop wallpaper. I'd much rather look at any of the various babes that DW replaced.

To: James Thompson who wrote (10696)	6/23/1999 7:50:00 AM
From: Jenne	Respond to of 19700

Could be.. very interesting however against the bummer bond backup .. we may not know just how interesting til AG speaks next week. Interest rates are up again. Just What the Net Doctor Ordered By James J. Cramer 6/23/99 7:30 AM ET Corporate Net buyers? That would certainly get things rocking. Gateway (GTW:NYSE), perhaps not content with getting money from EarthLink (ELNK:Nasdaq) to put its icon in Gateway's box, would rather just buy the Internet service provider! Wow, that's creative. And CMGI (CMGI:Nasdaq), once a seller, is now a buyer, looking for Compaq's (CPQ:NYSE) AltaVista. Amazing. Here are two potential acquisitions that make no sense to me whatsoever, but could get some serious short squeezes going as the bears run for cover. It seems that for months all we have seen is insider selling of Net properties. Ever since the Diller flameout buy of Lycos (LCOS:Nasdaq), it's been a minefield of IPOs and secondaries and shelves and converts and collars. When you get nothing but sellers, you get nothing but short-sellers anticipating these events. Short-sellers are always attracted to situations where insiders are selling and retail is buying. They live for those situations. Takeovers, especially large corporate takeovers like an Earthlink or an AltaVista, are an anathema to the short-sellers because they re-establish value at a higher benchmark than the short-sellers expect. These two prospective buys may be what the Net doctor ordered to restore a semblance of order to what has become a one-step-forward-one-step-back market. Heaven knows we need some sort of large buyers coming in. Those of us who thought the S&P 500 would play that role by considering some Net additions got blitzed last night by that organization's Net phobia. (If you had to go out of your way to thumb your nose at the Net, wouldn't you select Vulcan Materials (VMC:NYSE), an aggregates company? Isn't that a statement? Yeah, that's what we need -- a good rock and stone company. That's representative of the New Economy. Way to go!) To me, these two potential acquisitions are eye-openers. They say Net valuations have come down enough that corporate America is getting interested. And if corporate America is interested, I am interested