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


To: Sonki who wrote (283)4/3/1998 12:18:00 PM
From: Nick  Respond to of 19700
 
It hasn't started yet, but when it does I'll post a summary.

Nick



To: Sonki who wrote (283)4/3/1998 12:47:00 PM
From: Nick  Read Replies (1) | Respond to of 19700
 
The CEO, David Wetherell, was just on, and discussed all the companies CMGI had invested in and all their new companies that are coming out in the next year or two that are supposed to be big! Such as Reel.com, GeoCities, PlanetAll, Silknet, Engage Tech., and a couple others. He mentioned that a couple of these could be comparable to AMAZON.COM. He also discussed how it usually takes around 2-4 years for an internet company to start turning a profit, but could take less, like in Lycos, Yahoo, etc. And of coarse he discussed CMGI's 40% stake in LYCOS, and it was also metioned that both INTC and MSFT own 4.9% each of CMGI. It was a mostly factually segment, however, it seemed very bullish....in my opinion.

I'm long on this one....

Nick

P.S We're now up 6!!! Someone was watching!!