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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 (16302)2/4/2000 6:11:00 AM
From: John Carragher  Read Replies (3) | Respond to of 19700
 
Exponential growth
CMGi Inc. (CMGI)
Prudential Securities' Paul Merenbloom rates CMGi Inc. (CMGI) STRONG BUY,
and more than doubles his previous price target for shares in the
Internet-based marketing and investment organization. Significant recent
announcements include the creation of a European fund, in addition to the
Latin America fund and the $1 billion B2B fund.

What was Prudential's previous target???????



To: Mark Peterson CPA who wrote (16302)2/7/2000 6:09:00 AM
From: stockman_scott  Respond to of 19700
 
Cisco CEO sees rises for Internet stocks...FYI...

<<ZURICH, Feb 7 (Reuters) - Shares in Internet companies could rise more in view of the Internet's enormous growth potential, but investing in the sector is risky, Cisco Systems Inc Chief Executive John Chambers told a Swiss newspaper.

''Capital suppliers (shareholders) must be aware that the majority of these firms will not exist any more in two to five years,'' Chambers told the Tages-Anzeiger newspaper in an interview published on Monday.

''Young hi-tech companies want to grow quickly to win the race with time. On the other hand, they are being encouraged by the markets to list as quickly as possible,'' said Chambers, who has headed the San Jose-based network integration company since 1995.

''Many Internet companies will disappear just as quickly as they emerged. Consolidation in an emerging sector is a natural process linked to economies of scale,'' he said.

He said the Internet's growth potential was driven by a shift in capital investment with up to 70 percent now going into hi-tech, up from less than 10 percent in the 1970s and 1980s.

The money was being spent on the creation of networks, which Chambers called the backbones of the new knowledge society.>>