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To: vampire who wrote (28649)	12/15/1998 8:52:00 PM
From: Tim Luke	Respond to of 119973

Tuesday December 15, 8:36 pm Eastern Time CMG fiscal Q1 net jumps over 14 times ANDOVER, Mass., Dec 15 (Reuters) - Leading Internet venture capital firm CMG Information Services Inc. on Tuesday said its first quarter net income rose over 14 times, helped in part by the sale of stock in Internet darlings such as GeoCities. But its operating loss of $19.9 million for the quarter ended October 31 was sharply higher than last year's loss of $12.2 million. Per share operating comparisons were not disclosed by the company in its statement. ''The figures are not available,'' a spokeswoman said. Analysts' expected a loss of $0.53 per share for the first fiscal quarter in 1999, according to First Call Corp., which tracks corporate results. Including huge gains, its net income rose to $38.6 million, or $1.54 per diluted share, from $2.7 million, or $0.12 per share, from last year. Revenues rose to $40 million from $25.14 million. Quarterly net results included gains of $24.1 million on issuance of GeoCities (Nasdaq:GCTY - news) stock; $23.2 million against the sale of its investment in Reel.com; and $19.2 million on Lycos (Nasdaq:LCOS - news) stock issuance. CMG released its results after market close. In after-hours trade on the Instinet, its stock rose over $2 to $76.625, from a close of $74.25, continuing its Tuesday surge of about $8.25 on the Nasdaq. The Andover, Mass. company invests in and develops Internet companies, and also operates direct marketing companies.