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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (2866)	5/23/2000 6:19:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 3543

"CMGI Affiliate CraftShop.com Files Bankruptcy" According to Reuters, CraftShop.com Inc., an affiliate of CMGI Inc., filed for chapter 11 protection yesterday. In papers filed in the U.S Bankruptcy Court in Delaware, the online provider of craft products listed assets as "uncertain" and liabilities of $1.9 million. "That's what's new about these dot-com cases," said Jillian Aylward, the bankruptcy attorney retained by Craftshop.com. "How are you going to determine the value of the assets of a dot-com?" CMGI has invested millions of dollars in dozens of such Internet start-ups, and at least 5 percent or more of CraftShop is owned by CMGI. abiworld.org