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


To: RDR who wrote (13096)9/24/1999 12:51:00 PM
From: Dave Dickerson  Read Replies (2) | Respond to of 19700
 
To all-
A brief summary of 4th quarter CMGI earnings estimates.
Zen-8/23/99 $6.32/share
Zen- 9/15/99 $4.30/share
Nelson's brokerage house consensus 9/20/99 $3.27/share
First call 9/20/99 -$.17/share
First call 9/22/99 +$2.37/share
First Albany 9/23/99 $4.03/share with 12 m. target raised from $125 to $200
BancBoston Robertson $4.05/share

All this should make for an interesting Monday.
IMVHO CMGI has been sideways to down over the last 6 months because of poorer than expected "earnings" recently. Yes I know that a net company should not be expected to have earnings, but it's net earnings, albiet, if only LARGE (Geocities about$3 million was parlayed into about $1 billion)one time events, that drives this stock's price and causes it to have a nice price run up.
It's this extra net cash in David's pocket that is allowing him to make these acquisitions and new investments that will pay off big time later on.
Plus I almost forgot I-cast,Navi-site,etc.
Good Hunting
DAVE DICKERSON