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Technology Stocks : 24/7 Media, Inc. (TFSM) -- Ignore unavailable to you. Want to Upgrade?

To: mrc who wrote (335)	12/13/1999 5:53:00 AM
From: Richard Tai	Respond to of 669

good for you. cmgi has made quite a run this month. i've been in and out of 24/7 since april. it broke my heart in april (see all my old posts when it was basically just me and the bald man from mars on this board) but maybe i'll be able to get even this time.

To: mrc who wrote (335)	12/13/1999 9:33:00 AM
From: moisha	Respond to of 669

There is also a rumor that TFSM will buy SPNW.

To: mrc who wrote (335)	12/13/1999 4:44:00 PM
From: Toby Zidle	Read Replies (1) \| Respond to of 669

it's rumored that CMGI may buy TFSM....something like 2:1. Yeah, the rumor has been around for several weeks now. May be true, maybe not. But I don't understand your "something like 2:1". CMGI closed at almost $212, TFSM at $61 9/16. Your suggestion seems to infer 2 CMGI per 1 TFSM share. No way! You're about 6 times higher than the next highest guess. So is it 2 TFSM for each CMGI share? That's an 0.5-to-1 exchange ratio. It values TFSM at $106. Super-optimistic. Probably not close to reality. But strange things have happened in stock swaps. The original buyout rumors valued TFSM at $65-$70 per share. The stock price has risen to almost that level. Wouldn't you want to say now that a buyout is being priced into the TFSM stock? That a premium about market price now would be 15% or less? That's what it looks like the market believes. I'd just like to have some of your further thoughts, mrc.