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: TokyoMex who wrote (2040)	9/20/1998 1:22:00 AM
From: neverenough	Read Replies (1) \| Respond to of 19700

I figure the Clinton video should be good for a sell off Monday morning which probably will be the low of the week... iionline.com Now is a Great Time to Buy CMGI; Buy (9/15) CMG Information Services' (NASDAQ: CMGI) stock is down 56% from a 52-week high of $91.75, offering long-term investors a tremendous buying opportunity. Since the beginning of September, CMGI has fallen 7%, to about $40. Two of CMGI's premier holdings, Lycos (NASDAQ: LCOS) and GeoCities (NASDAQ: GCTY), suffered similar losses. The stock of Lycos, which split 2-for-1 on August 25, dropped 12%, to about $23, since September 1, while shares of GeoCities declined 4%, to $22.50. Considering the jittery market we're in now, CMGI will remain under pressure for the next month or two. However, we think CMGI's fundamentals remain intact. The company's Internet holdings continue to earn acclaim within the industry by adding new high-profile clients. On August 17, Engage Technologies, one of CMGI's investments, said its Internet user profile database jumped 150%, to 30 million profiles, in a span of just over two months. Engage said its database, combined with Internet advertising software from Accipiter, another CMGI investment, will be used by NBC Interactive to distribute video on-demand over the Internet. Planet Direct, a wholly-owned subsidiary of CMGI, recently announced that its registered user base expanded to more than 750,000 users, and that during August the number of page views on its web site more than doubled. According to our model, with Lycos at $23 and GeoCities at $23, the fair value of CMGI's shares is $57. Load up under that level. Analyst: Alex Yakirevich Updated 9/15/98 with CMGI at $40.00. Recommended 11/18/97 at $10.88.