Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : Wit Capital Group Inc - (Nasdaq - WITC) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (691)	7/20/1999 1:54:00 PM
From: Kumar Nathan	Respond to of 845

Hi Folks: That is a good news. It means more big guns on the bandwagon. It means more upward movements and more stability. My jealous Charles Schwab maintains that it is still marginable. Otherwise I could have backed up truck and could have loaded some more. I am hesitant to change the broker because I dealt with CS for 14 years. Regards Kumar.

To: Mohan Marette who wrote (691)	7/20/1999 2:50:00 PM
From: PAL	Read Replies (2) \| Respond to of 845

Mohan: Letter from DW: _____________________________________________________________________ July 20, 1999 Dear CMGI shareholders: As many of you are aware, CMGI recently broke new ground in the Internet arena by announcing that, through a Directed Share Program, qualified CMGI shareholders would have an opportunity to participate in the initial public offerings of our majority-owned subsidiary companies, beginning with the Engage IPO scheduled today. As a company we feel strongly about the role of the Internet in the initial public offering process. It was in this spirit that we launched the Directed Share Program. Shareholder interest in the Engage Directed Share Program was significant, and as a result, the Program was oversubscribed. While we are honored by our shareholder's commitment to CMGI and Engage, we have been faced with the dilemma of accommodating the increased demand. Because each of you has taken the time to open an account at Wit Capital, CMGI chose to distribute the available shares among all the accounts registered for the Program. This resulted in an allocation of 100 shares for each of the accounts which registered and confirmed their offers through Wit Capital. While this meant that many shareholders received a number less than originally requested, Program participants will now have an equal opportunity to share in the Engage offering. Given the demand, we felt this was clearly the fairest way to allocate the available shares. We're extremely pleased that so many of you will soon be shareholders in Engage. As previously stated, our intention is to continue the Directed Share Program in the future, and we are committed to continually evaluating this program to determine the best way to allow our shareholders access to future CMGI-controlled company IPOs. It is unfortunate that the late hour at which the Engage Technologies, Inc. offering was declared effective by the SEC made it challenging for some of you to participate. Please bear in mind that CMGI had no control in the timing of this effectiveness. We sincerely appreciate your interest and thank you for your patience in recent weeks as we launched this pilot program. Our top priority is working in the best interest of our shareholders and, as such, we look forward to offering you new and innovative ways to grow and prosper with CMGI in the future. Yours sincerely, David S. Wetherell Chairman and CEO

To: Mohan Marette who wrote (691)	7/20/1999 6:04:00 PM
From: Sam Matz	Respond to of 845

No Mohan, I didn't know anything about it. I am happy with our first earnings report as a public entity. I did not like seeing the price drop today, however it did offer another buying opportunity. I bought some more around $28.5. I am hoping we do not get too much more leakage. I am afraid of what we mght see, though. Thanks for posting the CMGI letter. Interesting stuff. I wish that it said something about using Wit to offer IPO shares of CMGI-related companies in the future. Oh well, I guess we can;t have it all. We did well with the revenues and account growth today and that is what matters. We also did well with investment banking revenues. Hopefully some of these large tech companies that have not reported yet won't issue negative clasues after their earnings reports. Hard stuff to take. Good luck to all. Sam