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


To: Robert Rose who wrote (2924)12/17/1998 12:30:00 AM
From: Millionairess  Respond to of 19700
 
lots of action tonite catching all the cmgi news here and there - and what to expect tomorrow including the unfortunate iraq happenings

l recall reading that on the raging bull board that they sold their amzn last quarter and they have about a tenth of it left? - i haven't had a chance to go through the whole annual report yet so i can't confirm what i heard - it would be in there and it's online too at their site

also, they've got a conference call recording 45 min. til or thru fri. 800 475 6701 x417553

sorry i could help you more but i'm rushing off here, m



To: Robert Rose who wrote (2924)12/17/1998 11:11:00 AM
From: Ron Kline  Read Replies (1) | Respond to of 19700
 
On page 3 of the presidents letter of the Annual they mention that they exchanged PlanetAll for 100 million in AMZN stock. It does not mention anything about selling it so I assume they still own it. They also own 30 million of HLWD from a sale of Real.com to them and that stock is making new highs. Overall CMGI is really a mutual fund of internet stocks and with proven management with an ability to pick the right ones (except maybe Redbrick), it seems a logical holding for people believing in the internet, and who don't like chasing hot internet IPO's to get in the ground floor. Buying LCOS, GCTY and others at less than $1 a share seems to me a better deal.
Ron
PS- Official breakout today....A great day for all longs.