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To: Michael Berkel who wrote (20455)	12/25/1998 12:04:00 AM
From: Burjis S.	Respond to of 120523

Michael, CMGI wish I had more of it earlier, but better late than never some more news this evening after the close ........ SAUSALITO, Calif.--(BUSINESS WIRE)--Dec. 23, 1998--Shoreline Pacific Institutional Finance, the Institutional Finance Division of Financial West Group (Member NASD/SIPC), announced today that it has managed a $50 million private equity placement of convertible preferred stock for Andover, Massachusetts-based CMGI, Inc. (NASDAQ:CMGI). The single institutional investor in the transaction is Rose Glen Capital Management L.P. of Bala Cynwyd, Pennsylvania. As stated in the company's press release issued today, the proceeds from this private placement will be used for acquisitions of controlling positions in companies and working capital purposes. Shoreline Pacific is an investment bank specializing in private financings and advisory services for companies such as CMGI, Inc. Shoreline Pacific has managed financings for public and private companies in a wide range of industries including Internet, biotechnology, pharmaceuticals, computer software, medical diagnostics, telecommunications, interactive/multi-media, and more. About CMGI, Inc. CMGI, Inc. is a recognized leader in the Internet arena. CMGI combines operating companies with strategic venture investments to create a broad and diverse set of businesses delivering Internet solutions. Microsoft, Intel and Sumitomo hold minority positions in CMGI. P.S. Merry X'Mas everyone and have a safe and Great Holiday and a Happy and Prosperous year to come! Go Jenna and the Market Gemmers!! BurjisS