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

To: TokyoMex who wrote (734)	7/21/1998 4:27:00 PM
From: Urlman	Read Replies (1) \| Respond to of 19700

Steve Harmon : Senior Investment Analyst comments on Geocities IPO: >>>While GeoCities cautiously hasn't revealed shares offered, target price or pro forma much of anything, we expect it to be over-subscribed to the level of hysteria. If Broadcast.com went ballistic on market madness then GeoCities, a category creator and leader, could break BCST's record for percent gains. We think GeoCities could price the works at $575 million market cap with 5 million to 6 million shares offered at north of $25 per share, ending its first day north of $1.5 billion to $2 billion. <<< >>>With the IPO market on white hot pitch, however, we expect Cyberian, Digital River and GeoCities to bump the price and shares just before they go. While GeoCities revenue forecast for this year looks thin, we think 1999 and 2000 revenue may be the ones to start the flow. With its 15 million users GeoCities market cap could exceed Lycos-Tripod (NASDAQ:LCOS), or more than $1 billion its first day, perhaps even $2 billion. Enjoying a top-10 slot in Relevant Knowledge's monthly surveys helps GeoCities in its value hunt. Consider that if its users were held at $100 each (the average for the top-10 is $121 or $104 without Yahoo!) that implies about a $1.5 billion value for GeoCities. To get more info on any of these IPOs contact the underwriters for each offering shown in the table. One thing's for sure so far this summer, the heat is on and the IPO slide looks very wet. <<< SOUCE: internetnews.com