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

To: Richie who wrote (14503)	12/2/1999 9:27:00 PM
From: neverenough	Respond to of 19700

It could have something to do with NAVI earnings. Here's a research report from Wit Capital. I feel it's a bit conservative, CMGI, Inc. December 2, 1999 NASDAQ: CMGI Ryan B. Alexander Vice President Mia K. Chough Research Associate CMGI: Revising FY00 and FY01 Operating Projections; Raising Target Price to $225; Maintain BUY Rating (a) Excludes amortization of intangibles. Following our discussions with management yesterday, we have increased our fiscal 2000 and 2001 revenue estimates to $750.5 million and $2.0 billion from $273.6 million and $400.5 million, respectively, to reflect stronger than anticipated revenue growth from the company's Internet segment and recent acquisitions. Consistent with our revised revenue projections, we have adjusted our fiscal 2000 and 2001 operating expense estimates to $811.1 million and $768.0 million from $216.1 million and $222.5 million, respectively, to reflect higher sales and marketing and general and administrative expenditures related to MyWay.com, NaviNet and other operating companies. As a result, we have also adjusted our corresponding earnings per diluted share estimates. We anticipate that CMGI should be able to generate total quarterly revenue growth of approximately 20% sequentially, with the Internet segment generating approximately 30% sequential revenue growth going forward. We have revised our projected enterprise value for CMGI from $20.7 billion to $30.6 billion, which translates into a 12-18 month per share price of approximately $225. Overall, we believe that CMGI should continue to generate superior value and returns from its network of holdings. We believe that the company is very well positioned to benefit from its vital and growing network of public and private Internet companies. We maintain our BUY rating on the common shares of CMGI, Inc.