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

To: Sowbug who wrote (457)	4/30/1998 5:25:00 PM
From: The Vinman	Read Replies (2) \| Respond to of 19700

Sowburg, when I look at these internet stocks I ask a simple question. If they were to be acquired by a large tech company, lets just use Sun Micro for example, what would the price be? I would argue that there is no way CGMI gets 96+, who would pay 10 times sales for an internet company? And what about that joke called YHOO? At $118 they have a market cap of 7 BILLION!!! yet they do less than 100 MILLION in revs. There is no one on earth that any one would pay 7 Bill. for 100 mill. in revs., and it could take YEARS for YHOO to get any where near 1 Bill. in revs. I have heard speculation on other threads of takeovers, and the reality is for current stockholders it would be a disaster because the price paid would be well below where these stocks are trading now, which in my book makes them VERY overvalued. IMHO. Vinman