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To: QuentR who wrote (68008)	9/28/1999 10:52:00 AM
From: Elwood P. Dowd	Read Replies (3) \| Respond to of 97611

>>>It(CMGI stock)could all be worthless in a couple of years, especially CMGI.<<< CNBC reported about an hour ago that CMGI will double this quarters earnings next quarter. Anyone else hear that? If I heard that correctly, that is pretty fantastic! Not an earmark of a company going down the sewer. El

To: QuentR who wrote (68008)	9/28/1999 11:24:00 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Tuesday September 28 11:06 AM ET CMGI Shares Surge On Strong Earnings, Good Outlook BOSTON (Reuters) - Shares of CMGI Inc. (Nasdaq:CMGI - news) rose more than 5 percent Tuesday after the Internet venture firm posted better-than-expected quarterly earnings. CMGI was up by as much as $5 at one point, and at mid-morning was ahead $3.50 at $96.625 in furious trading that appeared to be dominated by retail investors rather than big institutions. CMGI was the fourth most active issue on the Nasdaq stock market. In a conference call following the earnings release, which came after the market's close Monday, CMGI Chairman and Chief Executive David Wetherell said the company expects vastly increased revenues during the fiscal year that began Aug. 1 as its portfolio of Web firms begins to generate significant revenues. The Andover, Mass.-based company also said it plans to spin off its AltaVista Internet portal, which it bought earlier this year from Compaq Computer Corp. (NYSE:CPQ - news), in an initial public offering (IPO). CMGI hopes to file documents for the IPO after the current quarter ends on Oct. 31, with a plan to go to market in January, Wetherell said during the conference call. CMGI's fiscal 1999 fourth-quarter earnings of $453 million, or $4.24 per diluted share, topped forecasts compiled by First Call/Thomson Financial of $4.08 per share. Wetherell said revenues in the current quarter would more than double from the $53.5 of the fiscal 1999 fourth quarter. He said fiscal 2000 revenues would top $750 million. Analyst Ullas Naik of FAC Equities said in a research note that CMGI's fourth-quarter earnings and revenues both topped his forecasts. Naik said the revenue figures show many of CMGI's majority-owned firms, including Engage Technologies, Adsmart, NaviNet, Planet Direct, and SalesLink, had graduated from being early-stage companies dependent on CMGI funding to performing as full-fledged revenue-generators with IPO potential. Search News Stories Search News Photos Sep 27 \| Sep 26 \| Sep 25 \| Sep 24 \| Sep 23 \| Sep 22 \| Sep 21 \| Sep 20 \| Sep 19 \| Sep 18 Home \| Top Stories \| Business \| Tech \| Politics \| World \| Local \| Entertainment \| Sports \| Science \| Health