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

To: Qualopec who wrote (247)	3/16/1998 2:06:00 PM
From: David Alders	Read Replies (1) \| Respond to of 19700

This from Yahoo's Internet Stock Report: "Can you tell us the premium or discount (don't we wish) that the investor is paying for the "genius's" (as you described them in your 7 January column) at CMG? i.e. What is the underlying market value of their Internet venture capital holdings per outstanding share vs. the share price of CMG?" Reply: Assuming a favorable public market, which is sometimes assuming too much, CMG's portfolio of private companies could be valued at more than the post-hysteria CMGI share run. Even at $550 million market cap, CMG still could be less than half the value of its off-balance sheet assets. Lycos (NASDAQ:LCOS - news) alone may be worth $600 million--and CMG owns about 40% of that. Include the 30% CMG owns of privately-held GeoCities--which we value anywhere between $200 million - $300 million at IPO. Already we're at possibly $300 million off-balance sheet equity. And there's 10 or so firms CMG invests in yet to factor here. The only drawback we see to CMG is its outdated name and lack of clear message on Wall Street. Are you a public venture capital firm or not? We say yes and vote for a name change, call it what it is, using the division driving this thing to the front: @Ventures.