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

To: Scarecrow who wrote (11978)	7/20/1999 2:47:00 PM
From: PAL	Read Replies (1) \| Respond to of 19700

E-mail 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