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: Sorin A. David who wrote (781)	7/26/1998 10:51:00 AM
From: Jonathan Brown	Read Replies (1) \| Respond to of 19700

Sorin, as I understand it, GeoCities is a privately help company about to go public. CMGI is a venture capital investor in GeoCities. There are others, but of GeoCities CMGI owns about 35%. The IPO will offer a small amount of GeoCities stock to the public. I forget the number, but the float will be small by comparison with what the initial investors will hold. Incidentally, if the GeoCities IPO is a success, as virtually everyone following this market expects it to be, LCOS should also benefit as the owner of Tripod, a GeoCities-like Web community. Since CMGI owns 35% of LCOS, CMGI will benefit again. The GeoCities IPO is set for August 11, three Tuesdays from today. Jon