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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Lynn who wrote (73895)	12/15/1999 8:36:00 PM
From: E_K_S	Read Replies (1) \| Respond to of 97611

Since we are CMGI shareholders (through our parent CPQ) here is some news on CMGI.... CMGI; Reaching For The Interactive Sky (12/15/99, 6:36 p.m. ET) By Reuters ANDOVER, Mass. -- Internet investment firm CMGI Wednesday reported a first quarter loss of $117 million, or $1.08 perdiluted share -- much lower than expected -- and announced atwo-for-one split, sending its stock up 23-1/4 to 223 in after-hours trading. CMGI (CMGI.O), which functions as a sort of Internet mutualfund, posted revenue of $123.7 million during the quarter, compared with $37.4 million in the same quarter a year earlier. The stock split will be distributed on Jan. 11 to shareholders of record at the close of business on Dec. 28, CMGI said. CMGI's $1.08 per share loss, which was affected by acquisitions and special gains, was far narrower than the average loss of $1.76 forecast by three analysts surveyed by First Call/Thomson Financia, and compares with a gain of 38 cents a diluted share in the year-ago quarter. In related news, CMGI Wednesday said it would buy electronic mail direct marketer yesmail.com for about $500 million in stock, the most recent of a raft of acquisitions by CMGI in its bid to be the leading interactive advertising and marketing network. "We want to be the leader in this space," said Dave Andonian, CMGI president of corporate development. "We have several companies in the CMGI portfolio today that are all focused on interactive marketing and advertising area, so this is a strategic fundamental focus for us," Andonian said. "We have several efforts within a few of the companies around e-mail, but we wanted to fast-forward those efforts." The deal for yesmail.com, which sends e-mails about new products to consumers who have agreed to receive them, is expected to close in March. Terms of the deal call for shareholders of yesmail.com, which went public at $11 a share less the three months ago, to receive 0.1252 of a share of CMGI for each yesmail share they hold. Those terms value yesmail.com at about $24.50 per share based on CMGI's stock price Wednesday. ============================================================ Yes, T did distribute LU...also T divested of NCR (Ug!). As I said earier, better in my account than on the CPQ (parent) balance sheet. Up $24 on CMGI at 42 CPQ to 1 CMG that means that CPQ should be up $0.50! What is interesting, I believe that when CPQ made the CMGI deal, CMGI was around $94. Now it is over $200! That represents $4.00 of new value to CPQ shareholders. EKS PS The two-for-one split for CMGI shareholders,will be payable Jan. 11 to shareholders of record on Dec. 28, will be the "third" split in about a year.