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Technology Stocks : Information Management Associates - (IMAA) -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (84)	8/22/1999 6:47:00 PM
From: LTK007	Read Replies (1) \| Respond to of 165

TFF we know you are an INTERNUTZ lifer,and you do good listing and I use your site quite often to keep up with the NUTZ,but this is ridiculous this one,just ridiculous as a lot of so called NUTZ--IFLY,SKYM,PRFM,IMOM,IMOT,BAMM on and on---all these and many more WILL BE EXTINCT within a year--there is going to be a massive shakeout in the INETS. And I will not pretend I made a killing on SKYM and Sath and several of of these JOKES when they were hot in the mindless feeding frenzy--I did it because I wanted to make some quick money fast(and quite truthfully I was facing a 50/50 chance of dying at the time and wanted to leave a nest-egg for my wife)---but those insane,mindless days are over and I participated cynically in what I believe to be a sickness, a fantasy bubble it was--a nintendo game--and I think on the naive bagholders that got slaughtered--very sad---many I am sure got wiped out. Why don't you revamp your thread to the "absolutely last frontier--the INETS I believe will survive" Good Luck,Max90

To: TFF who wrote (84)	8/22/1999 7:01:00 PM
From: Wolff	Read Replies (3) \| Respond to of 165

"Garlinghouse, general partner at CMGI's @Ventures, agreed, saying his firm's investment won't fund the operations of Information Management" We are spun off from IMAA says buyingedge----read article TFF, tell me how IMAA will profit give you concede that buyingedge will not garner any profits, you seem to think that buyingedge is the first and only in this troubled sector, when in fact they are a trival also ran. wolff NEW YORK (Dow Jones)--Sometimes it's the giver, not the gift, that really counts. Just ask Information Management Associates Inc. (IMAA), whose shares have soared 110% since it disclosed late Thursday that a group lead by CMGI Inc.'s (CMGI) venture capital affiliate @Ventures was investing $10 million in Buyingedge.com, an auction Web site in which it holds a majority stake. The $10 million consists of $7.5 million from @Ventures and $2.5 million from Wand Partners, Amicus and Madrona Investment Group. In exchange for their cash, the venture funds received preferred stock representing about 29% of buyingedge.com's fully-diluted equity. In its quarterly earnings release, Information Management describes buyingedge.com as "a majority-owned subsidiary" and discusses other financing secured recently by the money-losing parent company. But the $10 million infusion is for the exclusive use of the Internet startup and isn't available to the parent company, according to Information Management's latest filing with the Securities and Exchange Commission, "The $10 million is to be used solely to fund the activities of buyingedge.com," the filing states. Brad Garlinghouse, general partner at CMGI's @Ventures, agreed, saying his firm's investment won't fund the operations of Information Management. Garlinghouse said buyingedge.com has effectively been spun off from its parent - it will relocate to Redmond Shores, Calif., from Shelton, Conn., and has its own board and equity structure - so "to call it a subsidiary is a stretch." "I think (Information Management) IMA wanted to make sure people were aware they are a major owner of this new legal entity, which from my point of view is a separate company," Garlinghouse added. Gary Martino, Information Management's chairman and Buyingedge.com's new chief executive, said buyingedge.com has essentially been spun off. But Information Management remains its largest investor - with about a 71% stake - and its quarterly results will still be reflected in the parent company's financial reporting, Martino said. Because of its ownership stake, Information Management would enjoy a financial windfall if the Internet venture, which currently Page 3 / 4 offers its services for free, succeeds and goes public, Martino added.