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

To: Millionairess who wrote (12819)	9/2/1999 10:38:00 AM
From: Dave Dickerson	Read Replies (3) \| Respond to of 19700

CMGI - CMGi By: zen_warrior Reply To: 8/23/99 1:28:41 AM Post # of 574 Previous Next Respond Block Poster Message List Board List RE [411] CMGI earnings clarification: Yes, I am 99.9% sure of this... GCTY sale WILL be recorded as earnings: "Gain on Transfer of Stock", which basically recognizes the new value of GCTY. If their ownership stake was less than 20%, then it would have been carried as Available for Sale Securities, and NO gain would have been recognized until actual YHOO stock was sold. But since it was greater than 20% (27.6%), and thus not carried as an Asset, then the gain will be recognized. Because their new YHOO position is less than 20% ownership, this also means that their assets will increase by the amount of their YHOO holdings. So what's the grand total for CMGI?? 8.8 million shares of GCTY were sold for about 5.87 million shares of YHOO, then trading right about where we are now (150/share) = $880 million. Add in about $50 million for the CMG Direct sale, $560 million from ENGA's IPO, other millions here and there, then subtract cost basis, @Ventures partners' payout, and taxes = $600 million or so?? Divide by 95 million shares outstanding = $6.32/share in EARNINGS. Sure beats the (.28) being estimated by the "professionals". Also, speaking of assets, we'll have about $720 million in additional assets from YHOO, $1 BILLION in new assets from ENGA, $50 million or so from CPTH, and $50-100 million from SILK... we're basically doubling our assets THIS quarter. Gotta love it. :-) E-mail: zen@financialville.com Join Financialville.com, your online financial community. TheFinancialMall.com... only the best financial products