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

To: SHGLaw who wrote (13160)	9/27/1999 2:44:00 PM
From: Calvin	Respond to of 19700

FWIW From earningswhispers.com: The consensus among the analysts following CMGI (CMGI) is that there is no consensus, but that quarterly revenues and earnings don't really matter right now. The reporting services don't even agree on what the consensus estimate is for the company. First Call is reporting a consensus estimate of a $0.17 loss; Zacks is reporting a consensus estimate of a $0.31 loss; and Multex is reporting a consensus estimate of a $0.12 loss. The main reason for the discrepancies is that CMGI sold nearly $750 million in assets recently and many analysts have not updated their earnings. What is more confusing is that last Tuesday, two analysts issued a report and both suggested completely different quarterly earnings. Peggy Ledvina at Dain Rauscher Wessels estimated CMGI to report a quarterly loss of $0.41 while Michael Graham at BancBoston Robertson Stephens estimated the company to report a gain of $4.05. Mr. Graham was not the only one that reported much higher earnings expectations last week ? Ullas Naik at FAC/Equities suggested the company would gain $4.03 for the quarter and others gave unofficial estimate increases on Thursday and Friday. We've had an Earnings Whisper number of a $0.31 for several weeks and, according to Zacks, the consensus estimate has dropped from $0.28 to our whisper number. However, our number came in before a lot of the news last week and the revised estimates. Analysts are guessing that the asset sale will add nearly $4.50 per share to the bottom line, which makes the Earnings Whisper number come to $4.20.

To: SHGLaw who wrote (13160)	9/27/1999 3:16:00 PM
From: bargainman	Read Replies (1) \| Respond to of 19700

You said it, SHGLaw -- When last quarter fell a few cents short we got hammered ... the ever-sneering Joe Kernan delivers the bad news with poorly concealed relish. And, oh, the doomsayers on this thread, bleating "earnings matter, earnings matter, earnings matter." Now I suppose all we'll hear is how earnings don't matter. I guess the lesson is that earnings don't matter as long as they exceed whatever poorly conceived earnings estimates that are out there. Some day, the market will allow us to keep our hard-won gains. Tomorrow would be a good place to start.