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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 (12092)7/23/1999 4:00:00 PM
From: sjemmeri  Respond to of 19700
 
Scarecrow,
I agree 100% with your post based on reviewing the enga news release
which referred to future directed share PROGRAMS, the navi
ipo filing which refers to a directed share program for cmgi
shareholders but has the cutoff date blank for now, and finally
the copied email below that I received today in response to an email
inquiry:

From: "Kelly, Mary Jean" <MKelly@cmgi.com>
To: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Subject: Directed Share Program
Date: Fri, 23 Jul 1999 15:11:23 -0400

CMGI is now evaluating the Direct Share Program based on the response and
results of the Engage IPO this week. In consultation with our Board of
Directors, we will make a decision about future Direct Share offerings in
the weeks ahead. As previously announced, our intention is to continue the
program for future majority-owned company IPOs, but we reserve the right to
end the program if we feel it necessary.

If we decide to continue the program for the NaviSite IPO, we will likely
announce that in the form of a press release. Shareholders should be
patient and monitor the website for any announcement in the coming weeks.