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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 (12744)	8/27/1999 10:23:00 AM
From: AmericanVoter	Read Replies (2) \| Respond to of 19700

don't know if this has been posted here before...Jonathan Steinberg on CMGI... best regards amein 1. Blood on the Internet Streets (CMGI) Special situations investor Jonathan Steinberg invokes the age-old investing adage: "buy when there is blood on the street." Today's carnage is in the Internet sector, he says, and one of his favorite blood-stained picks is CMGI (CMGI). Stock in the Internet investing firm has dropped 36% in the past month and is off more than 50% from its 52-week high. But Steinberg agrees with a number of analysts who say that CMGI's recent decline does not indicate problems with the company's fundamentals. Instead, they blame investors frightened by interest rate hikes and a soft IPO market. Management sees no sign of a slowdown. Navisite's IPO should take place in September as planned (CMGI owns the majority of the web hosting service), and Adsmart's advertising network chalked up a 4,000% gain in ad impressions over the past six months. Steinberg predicts that Navisite and Adsmart will "put a sparkle back into CMGI stock." Steinberg advises investors to fight the urge to follow the crowd. "In the case of CMGI, investors should realize that there is no fundamental change in the investment premise. CMGI still remains by far one of the savviest investors in the Internet sector," he says. "We believe that now is the time to step in." For more on Jonathan Steinberg's recommendation see "CMGI," September 1999, Individual Investor's Special Situations Report. Jonathan Steinberg provides one undervalued stock per month poised for substantial growth and profit. This might be an emerging company ready for growth or an established firm on the verge of a turnaround. It is also undiscovered (so far) by the market and investment press. SSR has consistently outpaced all major market indexes by a considerable margin. For a 30-day free trial go to: investools.com