SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: Mark Peterson CPA who wrote (11454)7/5/1999 10:31:00 PM
From: Robert Rose  Respond to of 19700
 
Nicely put, Mark. <Never could understand why bottom-feeding for 100 shares here or there was worth the motion. >

I already have 4 brokerage accounts (datek, schab and 2 at etrade), 3 401ks, 1 ira, 2 bank accounts, and interests in a partnership, trust and an estate. I need a wit account and an ipo lottery like I need a hole in my head!

But in all fairness, I do know young whippersnappers on these threads who are building a nice little nest egg for themselves working the ipo market through their accounts at etrade, wit, and their sfe and now cmgi position. They have done well by it, and my hat is off to them. Guys, you know who you are - you read this thread. Congrats!



To: Mark Peterson CPA who wrote (11454)7/6/1999 7:31:00 AM
From: LarryCPA  Respond to of 19700
 
Mark,
If I hadn't bottomed fished for CMGI in 1995 my 200 shares wouldn't be 800 (I've added and subtracted other trades as well). IPOs like RBAK ARBA, even at 100 shares can throw off decent returns even to those with sizable portfolios.
Getting in at the ground floor is still a good idea, and if your diversify your winners will out pace your losers. If you would have invested in every IPO in 1999 at the offering price you would be up over 70%. Not as good as CMGI but not bad <g>
I do agree with you when it comes to flipping, however, selling 100 shares for a mere double of triple is, IMHO, not worth the effort.

Larry



To: Mark Peterson CPA who wrote (11454)7/6/1999 9:53:00 AM
From: mike machi  Respond to of 19700
 
CHEMDEX NAMES ROBIN ABRAMS CHIEF OPERATING OFFICER

CHEMDEX NAMES ROBIN ABRAMS CHIEF OPERATING OFFICER

PALO ALTO, Calif., Jul 6, 1999 /PRNewswire via COMTEX/ -- Chemdex(TM)
Corporation, a leading provider of e-commerce solutions for the life
sciences industry, today named Robin Abrams as its chief operating
officer (COO). In this newly-created position, Abrams, 48, will lead
all customer-facing aspects of the business, including sales,
marketing, customer service, professional services and supplier
relations, and will report to David Perry, Chemdex's president, CEO and
co-founder. Abrams was most recently the president of Palm Computing,
Inc. and senior vice president of 3ComCorporation.

"This is a tremendous win for the company," said David Perry. "Robin is
uniquely qualified to position Chemdex for success in the face ofrapid
growth. She has a passion for understanding and satisfying customers,
extensive operational experience and tremendous motivational skills.
These assets will ensure that Chemdex has the infrastructure and
scalability needed to support our growth. We are thrilled Robin is
joining the Chemdex team."

"Chemdex has enormous potential as a business-to-business e-commerce
leader, and I am excited to join the company at this stage," said Robin
Abrams. "What excites me most is the opportunity to work with an
extraordinary collection of technology and life science leaders and the
ability to leverage twenty-five years of experience into the brave new
world of business-to-business e-commerce."

Known for her vision and proven track record in emerging markets,
Abrams brings an extensive and rare combination of experience in both
operations and strategy. At 3Com, Abrams helped extend Palm Computing's
leadership in the worldwide handheld computing market. Prior to 3Com,
Abrams served as president and CEO of VeriFone, Inc., a subsidiary of
Hewlett-Packard. At VeriFone she led the traditional point-of-sale
business and the growth of electronic commerce markets for smart cards
and Internet solutions.

Abrams has also held senior management positions with Apple Computer,
including president of the Americas and vice president and general
manager of Apple Asia. Before joining Apple, she spent eight years with
Unisys in several senior-level positions where she managed the delivery
of business solutions focused on banking, airlines, government and
networking. Abrams began her career at Norwest Banks, where her
responsibilities included the development of delivery systems for
branch banking, customer service and commercial and retail operations.
Abrams holds both a Bachelor of Science and a Juris Doctor degree from
the University of Nebraska.

About Chemdex Chemdex Corporation (www.chemdex.com) is a leading
provider of electronic commerce solutions in the laboratory supply
market, uniting buyers and suppliers in a single Web marketplace. With
more than 240,000 products from over 100 leading suppliers, Chemdex
provides the single product source for scientists and purchasing
agents. In addition, the company's custom procurement solutions support
purchase order approval and contract pricing for pharmaceutical and
biotechnology companies, universities and government research labs.

Founded in September 1997, the company has assembled a world-class
management team consisting of scientists, life science supply
executives and Internet pioneers. Chemdex is funded by leading
investment partners including Kleiner Perkins Caufield & Byers, E.M.
Warburg Pincus, CMG @Ventures (Nasdaq: CMGI), Bay City Capital, Galen
Partners, and J&J/H&Q health.net.

SOURCE Chemdex Corporation
(C) 1999 PR Newswire. All rights reserved.
http://www.prnewswire.com -0-
CONTACT: Brett Weiner, brettw@schwartz-pr.com, or Amy McKnight,
 mcknight@schwartz-pr.com, 415-512-0770, both of
Schwartz Communications, Inc.,
 for Chemdex Corporation; or Lori Crow of Chemdex
Corporation, 650-813-0300,
 ext. 153, or lcrow@chemdex.com

WEB PAGE: chemdex.com

GEOGRAPHY: California

INDUSTRY CODE: MLM
 MTC

SUBJECT CODE: PER





To: Mark Peterson CPA who wrote (11454)7/7/1999 5:18:00 AM
From: KW Wingman  Respond to of 19700
 
<< Never could understand why bottom-feeding for 100 shares here or there was worth the motion. If you want the really big fish, sometimes you have to sit in the chair trolling for awhile.

If I own the parent, I own the subsidiaries. What am I missing?>>

True, but, You may be missing the fact that people have seen many of these ipo's go to the moon and stars right after coming to market and would like to participate.

I do understand how you feel about the bottom fishing. It is also like you don't feel like playing on a low stakes table after playing all day on a high stakes table. Myself, I'll take a 100 share or even 50 share allotment in a CMGI spin off type IPO if that is all I can get (It all adds up). Those bottom fish are mighty tasty sometimes.

Regards,

Wingman



To: Mark Peterson CPA who wrote (11454)7/7/1999 1:06:00 PM
From: PAL  Read Replies (1) | Respond to of 19700
 
What am I missing?

You are asking why people bother to get in Engage IPO while owning the parent company CMGI. Well, Mark, remember the last time you went to Las Vegas? Excitement, excitement. Gambling is not to make me rich, but I do it for the entertainment value. If I win, it a just icing on the cake. Just imagine you make the point on a crap game: everyone at the table will yell and scream (except the don't pass player). Although not quite like LV, there is an excitement with Engage IPO. Under affinity program, you are treated like a VIP: you get priority over the regbular account holds of Wit Capital. If your main portfolio is CMGI and you just spend $ 2K on Engage IPO and it doubles, the excitement counts more than the money (just watch this thread, there will be many posts); it does not make you rich, but the joy of it. Try it, you might like it, and you are not adverse in trying your luck, let's meet in LV some time. Paris is opening Sept 2. Bon Jour Monsieur!!

Best regards,

Paul