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

To: George K. who wrote (14320)	11/23/1999 7:34:00 PM
From: stock_bull69	Read Replies (2) \| Respond to of 19700

From today's Bull Market Report: CMGI (CMGI, $138, down 6) said it would create a separate fund, which could reach $1 billion, focused on Web firms that help businesses do business with one another. CMGI said it would be the sole limited investor in the new business-to-business fund, CMGI Ventures B2B Fund. Nearly two-thirds of the companies in CMGI's current Ventures portfolio operate in the business-to-business arena. COMMENT: Talk about riding a wave! You have to love a company that finds a sector that is hot, and then dedicates a fund to it. This is a big fund, and yet fund after fund is being set up now to go after Internet related companies. This is just the tip of the iceberg in the amount of money being raised for venture capital deals in the Internet space and we are pleased that one of our favorite executives will be spearheading this venture. We can think of no better place to invest than in CMGI and David Wetherell.