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

To: Netwit who wrote (12536)	8/12/1999 1:53:00 PM
From: Charlie Schultz	Read Replies (2) \| Respond to of 19700

Possibly because ALTA VISTA is offering free internet access and is 60% owned by CMGI Just a thought. Charlie

To: Netwit who wrote (12536)	8/12/1999 9:35:00 PM
From: BeachCrunc	Read Replies (1) \| Respond to of 19700

CMGI as a mutual fund or even as a pure VC - this is not why I bought in as a stockholder. CMGI has so much more to offer in terms of value added - knowledge, operational expertise -- technical/business/investment/marketing/personnel plus synergy with other companies. If I was a CEO of an upstart, I would love to be with CMGI during the early years. As stockholders, we do have the challenge of evaluating earnings. As CMGI gets larger and more operational, this problem will be reduced. In the meantime, it will be difficult. I believe the VCALL price projection of $150 for CMGI was based on the target value of entities. As more entities go public, this will be easier to calculate.

To: Netwit who wrote (12536)	8/13/1999 4:56:00 AM
From: sunny	Read Replies (1) \| Respond to of 19700

hi netwit sorry for the delay - have been busy yesterday. Okay, let's "crunch the numbers" ;-) Actually it does make sense to calculate all the data per CMGI share. I'm gonna take the numbers from 08/11 because this way i can use my latest update numbers. There's some 95.3 million shares on CMGI outstanding. (numbers as of 08/11) per CMGI share: ------------------------------------------------------- 26 13/16 83% engage: 1044 mio.$ 10.95$/share 128 1/16 03% Yahoo (?): 780 mio.$ 8.18$/share 33 3/8 17% lycos: 495 mio.$ 5.19$/share 28 7/16 24% silknet: 102 mio.$ 1.07$/share 18 1/2 16% chemdex: 94 mio.$ 0.99$/share 33 06% critical path: 75 mio.$ 0.79$/share ----------------------------- publicly traded 2590 mio.$ 27.18$/share ----------------------------- IPO soon: Blaxxun&Navisite: 800 mio.$ 8.39$/share ----------------------------- After forthcoming IPOs: 35.57$/share Now it's getting complicated. Does anyone know at what share price the AV acquisition closes/closed? They will issue new stock - but is it 2.3b$/110$ (as of announcement time) or 2.3b$/77$ (like today or sometime in the future?). At 110$ they would have to issue approx. 21 million new shares, at a price of 77$ CMGI needs approx. 30 million new shares. I think it's the first figure, so I'll go on with the 21 million resulting in 116.3 million shares outstanding after the acquisition (ignoring the 200 million cash they raised/will raise for the payment so it should be less than 116.3 million shares but raising the debt). The 83% stake in AltaVista is obviously currently worth 2.3 billion $ (since this is the amount CMGI paid CPQ). Numbers after the AltaVista dilution effect: ----------------------------- public holdings after IPOs: 3.390 million $ 116.3 million shares out: 29.15$/share ----------------------------- AVista acquisition 2300 mio.$: 19.78$/share ----------------------------- Per share "public" holdings: 49.00$/share If we assume that the publicly paid price for AltaVista can be included in the "public holdings" of CMGI, the Robertson analyst is right. So, after the AltaVista acquisition the 50$/share figure is quite correct if we include conservative assumptions for the two near term IPOs of Blaxxun&Navisite. It's also a conservative number because AltaVista should bring in more than 2.3b$ after the IPO. Then again, if i base the calculation on more aggressive assumptions with all holdings and iCast, I can come up with a result of overall holdings of 150$/share w/o problems (there are more than 20 non-public companies in CMGIs books). Conclusion: the numbers make sense to me. Hope this could help. Regards sunny