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

To: puborectalis who wrote (3613)	1/9/1999 9:12:00 AM
From: Michael Berkel	Read Replies (1) \| Respond to of 19700

CMGI dirt cheap: it turned $4.5 mil into $108 mil through its AMZN deal which will contribute several dollars per share in earnings. Do the math!!! CMGI has gotten 225.558 AMZN shares pre-split in 1998, as payment for Sage Enterprises and Reel com., per CMGI's Oct. 98 10K., subsequent to July 1998. This holding is a huge unrealized GAIN for CMGI, worth several dollars per share in earnings. Imagine: AMZN has gone up several fold since last summer and just recently split 3 for 1. CMGI invested $4.5 million or 225.558 AMZN shares. Today's AMZN price = $160 x 676.674 (3 for 1 split on Jan 5) = $108.267.840. Invest $4.5 million, turn it into $108 million in about ONE YEAR that's up 24 times the original investment. Now if CMGI sold that it would have $108 million in earnings to drop towards the bottom line -- or several dollars per share -- in earnings, which makes CMGI look way undervalued compared to most Internet shares. Remember buying and selling Internet investments is CMGI's core business and this example shows how profitable this works out. You may add CMGI's 30% holding of Lycos and do the math on the appreciation of LCOS since CMGI participated. You may add Geocities. You may add 30 IPO's which are in the pipeline for the next 12-18 months. Bottom line: CMGI is a money printing machine!! Enjoy the ride! Michael B.