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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 (1440)	8/12/1998 8:28:00 AM
From: Nick	Respond to of 19700

More info on GCTY from CBS Marketwatch this morning... DALLAS (CBS.MW) -- While nearly every Internet content company is trying to develop the ultimate portal site, IPO hopeful GeoCities has come up with a concept that sounds even more compelling: Home. In less than three years, GeoCities has created an online community approaching 2 million members, according to the company's prospectus. The members, or Homesteaders as they're called, create their own Web pages in one of GeoCities' 40 thematically organized neighborhoods. (People still brave enough to call themselves liberals, for instance, would likely set up shop on one of the blocks in the politically active Capitol Hill neighborhood). According to Ryan Jacob, research director of IPO Value Monitor and portfolio manager of The Internet Fund, dozens of other Internet companies would kill for the kind of loyal relationships GeoCities has with its users. "They have a cult following, and with that type of loyalty, that's why I'm excited about their growth prospects," said Jacob, whose fund's biggest holding is CMG Information Services (CMGI), the largest shareholder in GeoCities. "They're starting with such a strong base. Nobody's even a close second. And that first mover advantage is critical on the Internet."

To: Diabolique who wrote (1440)	8/12/1998 9:04:00 AM
From: ayahuasca	Read Replies (2) \| Respond to of 19700

I disagree. This stock is not dependent on "the next hot offering". CMGI is a conglomerate of internet related companies and will do well if the rest of the sector does well. Yes, the internets have realized unprecedented gains already, but I do no think this trend is over by any means. With most of the worries in the market stemming from the Asia situation, the internet companies will remain an attractive investment, safely shielded from the woes of Japan, China, Indonesia etc. Also I think the entire dynamic of the market has changed over the last 5 years or so in that money will continue to flow into the market, largely driven by the unwaning interest by individual investors. Until the internet came along, most people played a very passive role in their equity investments. Not true anymore. People are now much more involved and this has heightened enthusiasm, which in turn has resulted in a steady and continuing inflow of cash. CMGI will continue to benefit from all of these things. Anything can happen in the short term but my monay is on the longside.