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

To: Mark Peterson CPA who wrote (13205)	9/27/1999 5:36:00 PM
From: HG	Read Replies (1) \| Respond to of 19700

You serious ???? Sheesh....and I thought I had stocked up CSCO like mad !!!!!

To: Mark Peterson CPA who wrote (13205)	9/27/1999 8:35:00 PM
From: Jenne	Respond to of 19700

$$$$$ CMGI POSTS HIGH EARNINGS DESTROYING ESTIMATES Internet venture fund CMGI said its fourth-quarter profit surged thanks to a large gain after GeoCities, one of its investments, was bought by Yahoo. CMGI had a profit of $453 million, or $4.74 a share, compared with a profit of $27 million, or 30 cents a share, in the year-earlier quarter. The company's revenue more than doubled, rising to $54 million from $26 million. COMMENT: With consensus expectations of profits of $4.08 a share, the firm smashed this estimate and reported $4.74. GeoCities was bought out by Yahoo in the Q and this profit fell right to the bottom line. CMGI said today that it has agreed to buy free Internet service wholesaler 1stUp.com, in a move that solidifies the company's moves toward creating a full-service Web access and content powerhouse. 1stUp is the same company that provides CMGI affiliate AltaVista with its free ad-subsidized Internet access service, launched in August. The start-up also has signed a deal to provide its free service to Bolt.com, a teen-oriented Web portal. CMGI now owns a portal, and along with all of the other Internet companies that they own, as soon as they tie them all together with some fiber cable, they'll be able to start a new Internet! We like CMGI a WHOLE LOT below $100 a share. Some on the Street are looking for $200 a share in the next 18 months.