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

To: jhg_in_kc who wrote (14310)	11/23/1999 1:11:00 AM
From: James Thompson	Read Replies (2) \| Respond to of 19700

CMGI is a short-term speculation for a trader and a long-term investment for the likes of me. CMGI is considered risky because it is heavily dependant on the direction of the Internet, but so far CMGI's business plan has been able to evolve with changes in net technology. CMGI is not for one who believes the "Internet Bubble" will burst tomorrow, but I believe that the bubble will continue to expand for a long time to come. CMGI is well positioned to take advantage of the markets in South America, Europe and China. CMGI has grown considerably since I first came on board last January. At that time they had a stable of about 25 companies. Now the figure is closer to 50. they just launched their fourth @Ventures fund, a billion dollar b2b investment resource. The majority of the companys in which CMGI invests pool their resources to work with each other in a b2b relationship. The majority of the companys are minority owned, some are majority owned and more are 100% owned by CMGI. CMGI looks at 2,000 business plans a month. They invest in 5 or 6 a month, picking the best plans that fit within the existing structure. CMGI is often compared to Berkshire Hathaway and/or an Internet mutual fund. The CEO, David Wetherell is credited with having an exceptional vision with respect to executing his business plan, and insight into the Internet. CMGI currently has 8 billion in marketable securities. I could go on for a long time. I am a small investor, but my CMGI is up 86% on average since January. I have purchased shares as high as $221 and as low as $75. I will keep adding whenever I can afford a few more shares. Check out the following sites: cmgi.com bloomberg.com