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

To: Raymond who wrote (11766)	7/14/1999 10:22:00 PM
From: Mark Peterson CPA	Respond to of 19700

Raymond, although it may seem apocrophal, I just don't chase IPOs. There's too much risk and it's probably a younger man's (or well connected Congressman's) game. And the quality of issues, well, you can see them degrading, IMO. But I like to send flowers... Try doing a simple exercise. Pick a dozen recent IPO's and then compute the current market cap/number of employees. The number for many, is truly astonishing, particularly when they have little or no innovative differentiation between their bricks and mortar counterparts, other than being on the internet. I'm content for the moment to essentially be net long in CMGI. Hope this makes some sense. Best regards, Mark A. Peterson