Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (1605)	12/31/2005 8:46:45 AM
From: Glenn Petersen	Respond to of 1634

And a happy new year to you. I love it when they recycle companies. It will be interesting to see how uBid is valued. The acquisition of uBid by CMGI was announced on February 9, 2000. On that date, CMGI closed at $120.50. Each of the uBid shares was to be exchanged for .2628 CMGI shares. There were 11,628,036 uBid shares outstanding, which gave the deal a $368.1 million valuation on the date that it was announced. The deal did not close until May 1, by which time the shares of CMGI had declined to $69.50, giving the deal a valuation of $212.3 million. The last uBid 10-K: sec.gov uBid already has an investor relations page up: ubid.com