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


To: Wesley Jack who wrote (10997)6/28/1999 9:17:00 PM
From: LarryCPA  Respond to of 19700
 
Wesley. Safeguards deal got delayed by the SEC,for that very reason! The underwriters are responsible for shares only being give to qualified investors (hence all those annoying questions about being an investment professional etc.) so in the ICGE merrill would be liable if Schwab sold to an insider. They got a waiver, but if did delay the deal. As annoying as the CMGI method is, unfortunately it is cleaner.