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

To: Mark Peterson CPA who wrote (15939)	1/23/2000 12:19:00 AM
From: TimbaBear	Respond to of 19700

Mark....Thank you for taking the time to post that information for me....I guess it means they'll try it this way until the IRS makes them do it some other way....I can see CMGI's point about not wanting to create a taxable event if they can avoid it....just wondering whether it will work....I suppose it will. Timba

To: Mark Peterson CPA who wrote (15939)	1/23/2000 11:17:00 AM
From: sunny	Read Replies (1) \| Respond to of 19700

mark and all why are you guys always talking about AdForce? It's actually AdSmart being swallowed by Engage so Flycast is the only CMGI acquisition going to Engage. AdSmart has been a CMGI company for a long time... best to you sunny

To: Mark Peterson CPA who wrote (15939)	1/23/2000 2:32:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 19700

Mark, a slightly off-topic tax question for you: I got McMillan's Options as a Strategic Investment about a week ago and have been going through it, and I saw this disturbing statement on page 820: If a stock holder buys a put, he would normally do so to eliminate some of the downside risk in case the stock falls in price. However, if a put option is purchased to protect stock that is not yet held long enough to qualify for long-term capital treatment, the entire holding period of the stock is wiped out. Huh? So I've owned an Internet stock for 11 months and I'm terrified of a sudden drop, so I buy short-term puts and then sell the stock two months later, and it's treated a short-term capital gain even though I've held the stock for 13 months? This is the third edition of the book, copyright 1993, and I've never heard this tax rule before. Is it true?