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


To: Doug Meetmer who wrote (11174)6/30/1999 2:08:00 AM
From: Karin  Respond to of 19700
 
I am one who will not open an account with the WIT Cap.
Want to keep my investments simple and uncomplicated.-·

Compaq will become a preferred Information Technology provider for CMGI's businesses

Following the announcement, CMGI's chairman, David Wetherell, shared his strategy of realizing significant synergies the deal offers. Initially, Planet Direct, a network of portals offering location-specific content; I-cast, an Internet-based broadcasting company; and Raging Bull, a financial website, will be some of the primary content contributors to AltaVista's new mega-portal site.

On the electronic commerce side, CMGI's Furniture.com, Productopia, Carparts.com, and several other vendors will considerably enhance AltaVista's e-commerce offering. In fact, in the next several quarters, CMGI intends to expand AltaVista's sponsorship business from 2% to 3% of revenue (estimated $170 million) to about 40%.

Finally, CMGI's ADSmart, an ad management technology provider, and Engage Technologies, a repository of Internet user profiles, will glue these pieces together by enabling the new portal to better serve individual tastes of AltaVista's visitors.

To back this strategy, Compaq and CMGI each pledged $50 million to promote the new portal, which should significantly boost AltaVista's brand name recognition, especially in the U.S. Internationally, AltaVista is the second most popular search engine, thanks to the company's advanced language translation capabilities.

'It is a Home Run for CMGI'

The acquisition of AltaVista is a big deal. It puts CMGI on equal footing in the portal space. 'It is a home run for CMGI,' says Ullas Naik of First Albany. 'The company purchases well-trafficked portal at half the value of Lycos,' he adds. Naik believes CMGI will probably take AltaVista public within the next 6 to 9 months.

As to how Lycos fits within CMGI's portal strategy, Naik thinks that Lycos and AltaVista can peacefully co-exist in the CMGI portfolio on their own.

We believe that AltaVista opens a new chapter for CMGI. Progress towards launching the new site as well as AltaVista's prospective IPO should attract considerable attention from the investment community and push shares of CMGI higher.

We reiterate our Buy recommendation of CMGI -- with confidence.

Updated June 29, 1999 with CMGI at $111.
Recommended on 11/16/98 at $18.48.



To: Doug Meetmer who wrote (11174)6/30/1999 2:39:00 AM
From: Rene Madsen  Respond to of 19700
 
Yes Doug, all us foreigners will not be opening accounts with Wit Capital, as they won't allow us. Yes, I know it sounds weird but it's the way it is. At least there's no SEC rule against it.

I just saw this morning on CNN that a hairdresser in the US was fined for not wanting to cut the hair of women over a certain age - they say it's discriminating against a certain age group.

Well, seems it's ok to discriminate as long as you're "just" discriminating against foreigners.

(Yes, I know I keep droning on, but frankly, being a CMGI shareholder with more than an average number of shares I am really annoyed by not being allowed to participate in this golden opportunity!)



To: Doug Meetmer who wrote (11174)6/30/1999 6:20:00 AM
From: daffydog  Respond to of 19700
 
Doug,

I won't. I've gone the route of offering to buy two IPOs through Schwab. What I've learned is that if the IPO is really hot, and you offer to purchase a gazillion shares, you'll get 100 shares if you're lucky. If you think it's gonna be really hot and you offer to purchase a gazillion shares, and you get your gazillion, you are in big trouble -- you're the only one who thinks its gonna be hot, and you're stuck with them.

Also, there are too many stocks, and too little time to follow all the companies.

I'd rather have DW do it for me.

MGG



To: Doug Meetmer who wrote (11174)6/30/1999 10:05:00 AM
From: Ken  Read Replies (1) | Respond to of 19700
 
>> So I am curious, are there ANY CMGI shareholders (>100 shares) out
>> there who will NOT be opening Wit Capital accounts to participate?

I am not going to participate....and I live in the U.S. I am quite satisified with my investment in CMGI itself and have little interest in higher risk IPOs. Besides, the accounting and paperwork would be a pain in the a$$.



To: Doug Meetmer who wrote (11174)6/30/1999 10:12:00 AM
From: polarisnh  Read Replies (1) | Respond to of 19700
 
Doug,

I also am not going to participate in the Engage IPO. I will investigate the Wit account and maybe open one. I plan on waiting until I see an IPO such as A/V down the road and take a shot at that time. I think that the best play right now is to ride the CMGI 'Magic Bus' because it is flying! Up $5 1/2 the last time I looked!

Cheers,

Steve



To: Doug Meetmer who wrote (11174)6/30/1999 12:11:00 PM
From: JT  Read Replies (1) | Respond to of 19700
 
I am also not going to participate at this time, just wait and see if we have to set up another account besides with Wit Capital on their next IPO. We are going to have a lot of opportunities.