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

To: Premier who wrote (1515)	8/15/1998 5:57:00 AM
From: TokyoMex	Read Replies (1) \| Respond to of 19700

Understood,, will ignore the bastards,, ;-)

To: Premier who wrote (1515)	8/16/1998 12:56:00 AM
From: Urlman	Respond to of 19700

Raging Bull>>>IF I COULD BE LIKE - CMGI? I'd say CMG Information Services CEO David Wetherell has to have been downright giddy this past week. CMG's venture arm, CMG@Ventures, had invested a total of $5.87 million to date in online community company Geocities. After Geocities' IPO this past week that means that CMG owns 31% or 9.8 million shares of Geocities stock. That equates to more than a 63-time return on their initial investment and a stake in Geocities worth approximately $370 million . So Dave, when are you throwing a ticker tape parade for the nice people of Andover, Mass. (where CMGI is based) to celebrate your recent hot streak? CMG was also an original investor in Lycos and still holds a stake worth approximately $300 million in the portal. So CMG had to be pleased this past week to see Lycos acquire free email and search company WhoWhere? for $131 million in stock. The deal significantly boosts Lycos' number of monthly users, and gives Lycos' combined Internet holdings the third or fourth largest audience reach on the entire Web. Amazon.com purchased PlanetAll, another company that CMG held a 25% stake in, on August 4th of this month. CMG had invested a total of $5 million in Planet All and will now receive 225,000 shares of Amazon.com stock. The shares of Amazon.com stock were worth approximately $27.6 million at the market's close on Friday. Not too shabby a return on investment again I'd say. Finally, let's not forget that only two weeks ago CMG also successfully flipped their 34% stake in online video retailer Reel.com into an additional investment in video retailer Hollywood Video. Hollywood Video acquired Reel.com in the deal while Reel.com's investors, which include CMG, Paul Allen, Intel and others agreed to purchase 5 million additional shares in Hollywood Video. With CMG's purchase of these additional shares of Hollywood Video stock, and the transfer of their original 34% stake in Reel.com into Hollywood Video stock, they now become one of the largest shareholders in the second largest video rental chain in the country. Just another day at the office for the Internet investment mavens from Andover it seems. Suggestions made on financial network CNBC this past week that "a company called CMG Information Services is suggested as a safe play, sort of an Internet mutual fund" has to be music to Wetherell's ears. Dave Wetherell was also found posting on popular stock message boards last weekend about the upcoming Geocities IPO. One topic David discussed was what he should change CMG Information Services name to, to better reflect what CMG does currently - which is to primarily act like an Internet venture capital fund. Seems to me if coming up with a flashy new name for the company is their biggest problem, then CMG and Dave Wetherell are in great shape. SOURCE: ragingbull.com