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Technology Stocks : Engage Technologies Inc - (Nasdaq - ENGA) -- Ignore unavailable to you. Want to Upgrade?


To: hoopsville who wrote (186)7/20/1999 8:00:00 AM
From: Ron Kline  Respond to of 754
 
Did everyone who has shares in CMGI get shares in Engage? I was told when I called Customer Service that we would be able to respond to the conditional offer in the morning of the offering. Instead I got one email yesterday saying about the price increase and to do nothing. I got that one at 5pm so didn't check until this morning. I got 2 emails this morning, one didn't tell me I could get shares but I had to reply "I confirm" by 1 am eastern time. Of course that was 1 hour ago (7am eastern). Then I got another email saying I didn't get any shares. Seems like they handled it poorly IMO.
I opened an account to do this and it turned out to be a waste of time. Now I will ask for my money back and write CMGI that am unhappy with how WIT handled the offering. Just as a double negative I put in for CONV and didn't get that one either. I've decided chasing for IPO's is not my cup of tea.



To: hoopsville who wrote (186)7/20/1999 8:02:00 AM
From: stock_bull69  Read Replies (2) | Respond to of 754
 
Well, it's about 5AM PST, still no communication from WIT probably due to the fact that they entered my e-mail address incorrectly which is why I have not received any notices about the offering price or confirmation of my order since my account was opened up on 7/12. Will attempt to reach a live person before the opening bell but my hopes of receiving 100 shares of ENGA are about dead. Good luck to all of those lucky enough to get their shares. It will be interesting to see how much $ I lose out on due to their error.



To: hoopsville who wrote (186)7/20/1999 1:58:00 PM
From: Mohan Marette  Read Replies (3) | Respond to of 754
 
Fool plate Special- Engage, the one to watch

Tom:
Interesting take on Engage from The Fool,notice the bit about AltaVista/DoubleClick deal. It is a known fact DoubleClick will lose the AltaVista business eventually to Engage,this is highly rewarding for Engage shareholders when it happens.I think currently a major chunk of DoubleClick's revenue is derived from AltaVista soon to be inherited by Engage.
===================================

Jul 20, 1999

FOOL PLATE SPECIAL
An Investment Opinion
by Rick Aristotle Munarriz

Dis Engage?

Today, Engage (Nasdaq:ENGA - news) becomes engaged to the stock market with its initial public offering. While Internet nuptials are destined to live out rocky up and down marriages, this should prove to be one honey of a honeymoon.

Engage is in the online "cookie" business. Its high-tech bakery includes a database chock full of online user profiles from more than 30 million anonymous cybersurfers. As you enter an Engage-enabled website, it tracks your browsing habits and updates your preferences. By knowing where you've been, and probably where you're going, it becomes an invaluable tool for advertisers to effectively target their marketing messages.

Today's IPO is yet another feather in the cap for Internet incubator specialist CMGI (Nasdaq:CMGI - news) . While CMGI has been successful in taking stakes in Lycos (Nasdaq:LCOS - news) and GeoCities when they were young and profiting greatly when they went public, and in making back its venture capital investments several times over by selling subsidiaries to America Online (NYSE:AOL - news) , Amazon.com (Nasdaq:AMZN - news) and Microsoft (Nasdaq:MSFT - news) , Engage is CMGI's first wholly owned subsidiary to go public.

Rather, it was wholly owned until today's six million share offering. CMGI will still retain an 82% stake in the company. It has been a hot entity in its pre-market days, with pricing set at $15 per share after initially being targeted in the $9-11 range. The heat is understandable. Even at $15 a share, this values Engage at just $700 million. That's a far cry from the $3.5 billion that competitor DoubleClick (Nasdaq:DCLK - news) is commanding.

With CMGI announcing its purchase of AltaVista from Compaq (NYSE:CPQ - news) last month in a deal valued at $2.3 billion, it poses an interesting scenario where Engage may eventually inherit the juicy AltaVista portal cookie deal that accounts for 40% of DoubleClick's sales. While DoubleClick has gone on its own buying spree (NetGravity, Abacus Direct) to help absorb the possible lost business, the Engage offering today has not helped matters much. At midday DoubleClick is off $6 15/16 to $87 7/8, while CMGI is down $1 1/4 at $100 1/4.

Granted, DoubleClick reported less than stellar earnings yesterday, but the negative sentiment tied to the relative value of Engage seems daunting. Engage's client list is already filled with big names like Dell (Nasdaq:DELL - news) , CNET (Nasdaq:CNET - news) and SportslineUSA (Nasdaq:SPLN - news) as well as CMGI-connected companies like Lycos and Microsoft (Nasdaq:MSFT - news) .

In a battle of cookie monsters, Engage appears to be the one to watch. So, do you like Engage's chances? If you do, odds are Engage knew it all along as well.
fnews.yahoo.com