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

To: Diabolique who wrote (767)	7/24/1998 11:49:00 AM
From: Mauricio Breternitz	Read Replies (1) \| Respond to of 19700

Could it be the fund managers report ? Down today (we know we're in high volatility land). But could be that report part of the reason for today's action ? Tuesday July 21, 2:15 pm Eastern Time TALKING POINT/Internet fund managers cautious By Huw Jones NEW YORK, July 21 (Reuters) - As Internet stocks soar on the seemingly unlimited fuel of investor enthusiasm, seasoned fund managers are growing more cautious with each passing day of double-digit price gains. Internet stocks were surging again on Tuesday, led by Mindspring Enterprises Inc. (MSPG - news), up 19-5/16 to 136, a day after Internet bookseller Amazon.com Inc. (AMZN - news) surged nearly 18 points. ''We have gone into the realm of high speculation,'' said Lawrence York, lead portfolio manager at WWW Internet Fund. Market capitalization of many Internet companies now rivals that of long-established brand names, with valuations at lofty levels despite the dearth of profits in the sector. ''We have had an incredible run for most of this year, which is clearly unsustainable at this pace,'' said Ryan Jacob, portfolio manager of the Internet Fund. yada yada yada..