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

To: kcmike who wrote (12248)	8/2/1999 4:30:00 AM
From: sunny	Read Replies (1) \| Respond to of 19700

trying to value cmgi's holdings. maybe we can collect the latest information on its publicly traded companies and their stake in it. has anyone a clue what happened to their yahoo stake they received for geocities? nothing to find on their website except the geocities name w/o a link. 16% chemdex: 152 mio. $ 6% critical path: 76 mio. $ 17% lycos: 613 mio. $ 24% silknet: 116 mio. $ 83% engage: 1338 mio. $ ------------------------------ 2295 mio. $ additionally cmgi should roughly own 3% of yahoo (~800 mio. $) and then add the 2.3 billion AV acquisition. market cap of cmgi: ~ 11000 mio. $ (after AV dilution) value of publicly traded companies (incl. AV): 5400 mio. $ now this seems reasonable with some IPOs to come and assuming a value of > 3000 mio. $ for the AV stake. icast should also receive a huge valuation far beyond 2000 mio. $. not publicly traded companies to ipo soon: blaxxun (59%) -> stake should be worth more than 300 mio. $ navisite (>50%) -> stake should be worth more than 500 mio. $. now add a virtual value of more than 1000 mio. $ for its more than 20 holdings not mentioned above, we get a fair conservative value of: publicly traded: 2300 mio. $ AltaVista after IPO: 3000 mio. $ Yahoo (?): 800 mio. $ Blaxxun & Navisite: 800 mio. $ Additional holdings: 1000 mio. $ ------------------------------------ Overall 7900 mio. $ Now that's a premium of approx 35% for the price of CMGI assuming conservative calculations. The keiretsu effect should at least account for a small premium. Add the 2000 mio. $ estimated value for ICast and we get a premium of 10%. Seems we (CMGI) got ahead of of the reasonable valuation but now got a lot of upside potential due to the outstanding management skills and surely a lot of surprises in the pipeline. Now I'd like to get your opinions with (additional) input and corrections to my assumptions/statements made here. Regards sunny