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

To: mike machi who wrote (16908)	3/6/2000 12:02:00 PM
From: Netwit	Respond to of 19700

Briefing.com article of interest: Updated: 05-Mar-00 More on Robertson Stephens Tech 2000 Conference [BRIEFING.COM - Robert V. Green] Briefing.com covered the Robertson Stephens Tech 2000 Conference last week from the floor of the conference, and provided input to you on our daily pages. In addition, we offered reflections on general trends observed at the Tech Conference, on this page, the Stock Brief page. But there were several "left-over" notes and observations from the conference, that you may find interesting. These are offered here today. CMGI (CMGI) CMGI made two startling statements in their otherwise "standard" presentation. The standard presentation, which CMGI has been giving for over a year, usually contains the following basic points: CMGI invests in companies across all layers, from hosting to the application level, and has companies at each level of the internet (defined as: Handle traffic, ID user, Target Ad, Conduct Commerce, Fulfill Product, Service Customer). All of the companies use each other as their primary customers. For example, CMGI companies will all host their servers as NaviSite. CMGI is three companies: CMGI, the incubator, which owns companies 100%; CMGI @Ventures, where invests with outside partners, and CMGI Solutions, where CMGI is a part owner, in a VC role. But the two "startling" points made in this presentation were made almost in an offhand manner, as part of the standard presentation. First, David Wetherell stated that the market valuation of all of their investments in public companies is now more than $18 billion. CMGI's market cap $32 billion. AltaVista, not counted in the $18 billion, is worth approximately $8 billion, if the stock reachs $50, and $ 11 billion if it reaches $75. CMGI's share might be as much as $7 billion. Taking all this into account, CMGI's current investments are valued at just $6 billion, including iCast. It just seems too little, particularly in light of the second statement. The second startling statement is that CMGI will be investing $3.6 billion in new ventures this year. This is ten times last year's level! If you think the world is full of start-ups flush with cash now, just wait until this fall, when a lot of this money starts to roll out as expenses by the new firms. Of course, a lot of this new investment money will wind up as revenue to other CMGI companies.