yep
my IBM rallied into the close
dang it and they dropped by puts by a point
they wanted it over 7600
hope japan craters tonight
told you...
CNBC
THURSDAY SELL OFF
pissssani saying the bids were weak today
CMGI's latest involvement....look out SI
better watch out how you treat your members as word gets around.....
Company Press Release
Raging Bull Secures Financing From @Ventures III
@Ventures III Invests in Up-and-Coming Financial Message Board Site
ANDOVER, Mass.--(BUSINESS WIRE)--Oct. 1, 1998--@Ventures III, the
affiliated
venture capital arm of CMG Information Services, Inc., (NASDAQ:CMGI),
today
announced that it has invested in Raging Bull, Inc.,
(www.ragingbull.com), a
fast-growing financial Web message board service. Terms of the
agreement have
not been disclosed.
''We're very excited about the opportunities presented by Raging Bull's
early
success in serving the needs of today's online investors,'' said CMG
CEO David
Wetherell. ''The Web site offers the ability to filter content and
tailor
personally relevant financial information to meet users' needs. This
revolutionizes the online message board industry, and we look forward to
continuing growth as more online investors become aware of this terrific
service.''
Raging Bull is currently the fourth leading financial message board
site,
rapidly gaining ground against Yahoo Finance, Silicon Investor and
Motley Fool.
Since the debut of the company's message boards four months ago, Raging
Bull
has become widely recognized as an emerging hot spot on the Web for
online
stock discussions. The site features thousands of searchable message
boards on
dozens of industries and market segments--from biotechnology to
telecommunications.
With the Raging Bull's cutting edge personalization technology, users
are able
to easily track and quickly link to discussions on their favorite
stocks and
posts by their favorite members. In addition, the site's unique
''Ignore''
feature enables users to automatically filter out off-topic or
inappropriate
postings from specific members, facilitating informed and valuable
discussions.
Unlike some competing message board sites, Raging Bull is a completely
free
subscription service.
Regarding CMG's interest, William Martin, President of Raging Bull,
commented,
''We've worked hard to make a name for Raging Bull, and it's gratifying
to earn
the confidence of a partner like CMG,'' he said. ''In addition to CMG's
financial resources, we are particularly excited about leveraging the
skills
and experience of the CMG Internet Group to bring Raging Bull to the
next level
of dominance.''
About Raging Bull(tm)
The Raging Bull (http://www.ragingbull.com) is an up-and-coming
financial Web
site dedicated to empowering online investors with the best in financial
discussion and commentary. The company's in-house message board
technology has
received critical acclaim by offering innovative features previously
unavailable online. Among these features are personalized ''My Raging
Bull''
home pages that allow users the ability to easily track their favorite
boards
and members. Users may also utilize a unique ''Ignore'' feature to
filter out
undesirable postings from specific members. The site also provides
access to
investment resources and content from the company's editorial staff.
About CMG Information Services
CMG Information Services, Inc., (NASDAQ:CMGI) is an investor in, and
developer
of, Internet companies. In addition, CMGI operates direct marketing
companies
and venture funds focused on the Internet. Microsoft, Intel and
Sumitomo hold
minority positions in CMG Information Services.
The CMG Internet Group consists of its majority-owned subsidiary
companies;
Planet Direct, NaviSite, NaviNet, Engage Technologies, ADSmart, and The
Password; and its minority investment in Magnitude Network.
The company's CMG@Ventures investment affiliates have ownership
interests in
Lycos, Inc. (NASDAQ:LCOS), blaxxun, GeoCities(NASDAQ:GCTY), Vicinity,
Parable,
KOZ, Silknet, Chemdex, Speech Machines, Softway Systems, TicketsLive,
Critical
Path, Mother Nature, and Visto. CMG@Ventures recently announced a
definitive
agreement to sell its investment in Reel.com to Hollywood
Entertainment. CMG
has also signed a binding letter of agreement to sell its 25 percent
stake in
PlanetAll to Amazon.com, Inc. CMG also includes CMG Direct, SalesLink,
InSolutions and On-Demand Solutions as wholly owned subsidiaries in the
direct
marketing, fulfillment and turn-key arenas.
Corporate headquarters is located at 100 Brickstone Square, Andover, MA
01810.
Telephone: 978-684-3600. Fax: 978-684-3674. Additional information is
available
on the company's Web site, cmgi.com.
Contact:
Raging Bull CMG
William C. Martin Lynne Dacy
(978) 684-3822 (978) 684-3693
bill@ragingbull.com ldacy@cmgi.com
or
Copithorne & Bellows
Diane Parazin
(617) 450-4300
diane.parazin@cbpr.com |
