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

To: Mark Peterson CPA who wrote (11090)	6/29/1999 2:55:00 PM
From: Jenne	Respond to of 19700

CMGI's Deal for AltaVista Boosts Net Sector By David Shabelman Staff Reporter 6/29/99 2:35 PM ET SAN FRANCISCO -- Somebody forgot to tell the Internet sector that nothing was supposed to happen while the Fed was holding its meeting. Net stocks have rallied as the Fed considers whether to raise interest rates. Some of the enthusiasm was stemming from the news that CMGI (CMGI:Nasdaq) would take an 83% stake in Compaq's (CPQ:NYSE) AltaVista Internet unit in a deal valued at $2.3 billion. Net/Tech Indices INDEX CHANGE % VALUE TSC Internet 11.63 +2.0% 593.95 TSC E-Commerce 1.33 +1.3% 102.77 TSC E-Finance 2 23/32 +3.5% 80 29/32 Nasdaq 17.10 +0.7% 2619.50 CMGI soared as official word of the agreement was made, recently trading up 14 5/16, or 15%, at 112. Compaq was up 3/4, or 3%, at 23 1/16. Gains have lifted TheStreet.com Internet Sector index higher as well. It was up 11.63, or 2%, at 593.95. "Any time there is a major deal in the Internet sector and the stock explodes upward, some of the other leaders will go with them," said Dan Mathisson, head stock trader with D.E. Shaw Securities. Mathisson said that the deal was a "bit of a milestone" in that a "New Age company [CMGI] was making a purchase from a big company like Compaq." But Mathisson stressed that the Net sector was also suffering "from the same malaise" that was affecting the rest of the market while the Fed meeting takes place. While many Internet stocks were trading a couple of points higher, he said he did not consider movement in most issues to be significant. However, there were a few big movers in the sector, including Wit Capital (WITC:Nasdaq), which was up close to 30% today after gaining 46% on Monday. Both Bear Stearns and Thomas Weisel Partners initiated coverage of the stock today with buy ratings. Both firms were underwriters for the company's IPO. Some of the enthusiasm for Wit stems from the success of two Internet IPOs last week, Juniper Networks (JNPR:Nasdaq) and Ariba (ARBA:Nasdaq). Wit, which is an Internet investment banking and brokerage firm, distributed shares of Juniper. But as a recent TSC article pointed out, Wit's gains also stem from a deal with the aforementioned CMGI. CMGI will allow investors who are online and who own more than 100 of its shares to buy shares in IPOs of companies in which CMGI owns a stake. Those offers are being handled exclusively by Wit. Juniper was one of the top performers on the Nasdaq today, up 20 7/8, or 21%, at 120. Ariba was up 6 7/8, or 9%, at 80 5/8. Also among today's winners was Exodus Communications (EXDS:Nasdaq). Exodus has been seen as a prime buyout candidate since Metromedia Fiber (MFNX:Nasdaq) agreed to buy Internet service provider AboveNet (ABOV:Nasdaq). That talk has heated up on chat room boards. Exodus was up 7 7/8, or 8%, at 102 3/8 in recent trading. IPOs Going Strong E-Loan (EELN:Nasdaq), an online mortgage provider, was up 21 3/4, or 155%, at 35 3/4 in its first day of trading. nFront (NFNT:Nasdaq), which provides Internet banking and financial services to banks, was up 2 1/4, or 23%, at 12 1/4. Compaq Makes More Noise In addition to the CMGI deal, Compaq said it entered an e-commerce alliance with software supplier pcOrder.com (PCOR:Nasdaq) in an attempt to boost online computer sales around the world. The deal will connect Compaq's customers and channel partners worldwide directly to Compaq's assembly lines and allow Compaq's customers to purchase online directly or indirectly. In a conference call, Tammy Willette, a Compaq vice president of worldwide e-commerce, emphasized that today's deal is an extension of a deal signed a year ago with pcOrder to provide the backbone for Compaq's North American e-commerce strategy. She predicts that e-commerce in Europe and the Asia-Pacific region will be run on the same engine as North America by year-end. pcOrder.com was up 4 1/2, or 14%, at 36. -- Medora Lee --------------------------------------------------------------------------------

To: Mark Peterson CPA who wrote (11090)	6/29/1999 8:16:00 PM
From: AmericanVoter	Respond to of 19700

Hi Mark, and thanks for your reply... I wanted to sell PUTS when CMGI dropped to 71... I talked with my broker about that and she told me that she does not do that, and that she only sells covered CALLS and buys married PUTS as insurance... so, today I went ahead and opened an account with A.G. Edwards for that purpose... I can always sell PUTS... granted the premium will not be as high... but one never knows if and when a drop might happen best regards amein