SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : ITRA INTRAWARE -- Ignore unavailable to you. Want to Upgrade?


To: DAY TRADER who wrote (893)7/12/2000 9:07:38 AM
From: Mark Oliver  Respond to of 937
 
I like the news, and I always feel very positive when I hear Peter Jackson speak. I believe he's doing a good job, and the eventual outcome will be positive, but the shadow of convertible shares now hang over this company and it may well be dead money for some time until it's cleared up. I think it would have been good for Peter to have also discussed the impact of the financing in this last interview, and whether it offered the negative impact which we have discussed.

I sold half my shares for a big loss. I probably should have sold them all. At least, the loss will be valuable in tax avoidance. I believe I'll probably have the choice of buying them back in 30 days for equal or better. Either way, I don't think the story will really be developed before then.

Today's announcement sounded like a good one. So many good stories developing. One day, you'll see this stock much higher. If you did buy shares and then come back 2 years later to see what happened, I think you would be pleasantly surprised.

Regards,

Mark



To: DAY TRADER who wrote (893)7/12/2000 10:17:38 AM
From: Mark Oliver  Read Replies (1) | Respond to of 937
 
Compaq, CMGI team on employee site

By Margaret Kane ZDII

zdii.com
Compaq Computer Corp. (NYSE: CPQ) and CMGI Inc. (Nasdaq: CMGI) have formed a joint venture focused on providing services to employee groups.
The new firm, dubbed Freeup LLC will receive $20 million from the two companies, with Compaq getting a controlling interest. The company will launch a Web site later this year, and will generate revenues through subscriptions, advertising and sales of goods and services.

Mia Shernoff has been named CEO, reporting to a five-person governing board of managers that includes three Compaq-appointed and two CMGI-appointed members. She formerly served as executive vice president and managing director of Aon Corp.

Freeup.com's goal is designed to help employees simplify work processes and increase productivity. The site will initially target the information technology community.

In a release, CMGI CEO David Wetherell said the new company should bring a "dynamic new revenue stream for the CMGI-affiliated products and services."

The companies specifically mentioned CMGI firms NaviSite (Nasdaq: NAVI), a web and applications services host; and Engage (Nasdaq: ENGA), an ad serving and campaign management services firm.

In addition to CMGI firms, Freeup will offer products and services from companies including Intel Corp. (Nasdaq: INTC) Microsoft Corp. (Nasdaq: MSFT), CNET Networks, Inc. (Nasdaq: CNET), Commerce One (Nasdaq: CMRC), DigitalThink (Nasdaq: DTHK) and Intraware (Nasdaq: ITRA).