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

To: Jonathan Brown who wrote (301)	4/8/1998 9:44:00 PM
From: Doug (Htfd,CT)	Read Replies (1) \| Respond to of 19700

Jon's "CMGI has some slight interest in GeoCities" is understatement at best. CMGI is one of Geocities' principal and founding shareholders. Which means its interest in Geocities doesn't show up on its balance sheet, because of its low basis. One of the advantages of owning CMGI is its announced intention to from time to time dividend to its shareholders some of its interests in its companies. I presently hold several dozen shares in LCOS which I received as a dividend on my several hundred CMGI shares. Since issued, they have appreciated three fold and more. Once Geocities comes public, CMGI will own shares which it will be in a position to distribute to CMGI shareholders as dividends. This may provide additional attraction to the stock if Geocities shares are a success in the marketplace. CMGI also owns substantial portions of other development-stage companies. Those new to this thread should spend time reading earlier messages. CMGI's rather complex and remarkable story is far more complex than the average single-product stock now touted as a "hot internet stock." CMGI is an Internet venture capital holding company run by very smart people who are deep into the business end of the Net. Doug (long CMGI and LCOS)

To: Jonathan Brown who wrote (301)	4/8/1998 9:58:00 PM
From: ajunkh	Respond to of 19700

CMGI's interest in GeoCities is more than slight, I think, though I haven't really researched it... according to their annual report, their @ventures arm had 41% of GeoCities as of July 1997 (see below). Not all potential profits from this venture arm get passed to the overall company and the shareholders, I think, but I would expect that GeoCities will still have a very significant impact of CMGI stock. As of July 31, 1997, CMG@Ventures had investments in three consolidated subsidiaries: 53% owned Lycos, Inc. (Lycos), 92% owned Blaxxun Interactive, Inc. (Blaxxun, formerly Black Sun Interactive, Inc.), and 53% owned Vicinity Corporation (Vicinity). At July 31, 1997, CMG@Ventures also had minority ownership positions in eight affiliates: 46% owned Parable, LLC (Parable), 41% owned GeoCities, 37% owned Ikonic, Inc. (Ikonic), 31% owned Reel.com, LLC, 23% owned Silknet Software, Inc. (Silknet), 15% owned KOZ, Inc., 15% owned Sage Enterprises, and 9% owned Softway Systems, Inc. Subsequent to July 31, 1997 CMG @Ventures acquired an additional minority ownership position in Speech Machines plc. The Company is entitled to 77.5% of the net capital gains of CMG@Ventures, L.P., and 80% of the net capital gains of CMG@Ventures II, LLC, and the remaining 22.5% and 20% of the net capital gains, respectively, are attributable to CMG@Ventures partners. Most of CMG@Ventures' investments are early stage companies and there can be no assurance that their products or services will be commercially successful.