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


To: Douglas V. Fant who wrote (3276)12/29/1998 6:48:00 PM
From: Mark Dawood  Read Replies (2) | Respond to of 19700
 
Some one explain this to me , PLEASE.

12/28 close @ $131 which is the split price. Does that mean when 1/11 comes the stock would be worth $65 1/2. Am I understanding this right?

Mark



To: Douglas V. Fant who wrote (3276)12/30/1998 2:54:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 19700
 
WCOM is much, much more than that. It owns UUNET, for example, a major ISP in the US and around the world (UUNT was the first Internut I ever made money on). WCOM is buying other ISP's and generally building bandwidth capacity to carry the data which makes the Internet work. No data pipe, no Internet, get it?

Think of WCOM as a chance to invest in Interstate highways in the 1950's, only you get to charge a toll for every mile people have driven since then.

I have WCOM at an average of $52 from earlier this year and plan to hold a long, long time if the market doesn't crash.

Also holding some CMGI which I would like to hold a long time too.