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


To: Gary105 who wrote (3986)1/17/1999 11:13:00 AM
From: Desertrat  Read Replies (3) | Respond to of 19700
 
CMGI HOLDS $1.4B OF LISTED STOCK; 31% OF ITS MRKT CAP. The breakdown. From its home page - CMGI holds 29% of the shares of GeoCities and 23% of Lycos.

29% OF GCTY MARKET CAP OF 1.84B IS .53B. 23% OF LCOS MARKET CAP OF 3.77B IS .87B. ADD THE TWO (.53 AND .87) AND THE SUM IS 1.4B. THE MARKET CAP OF CMGI IS 4.45B AND OF THAT, 1.4B COMPRISES 31%.

In addition there may be more. CMGI 10Q of 12/15/98 states that CMGI's holdings in Sage Enterprises were converted into Amazon.com shares; that Reel.com shares were converted into Hollywood Entertainment shares. Together those shares today would be worth $.1B. Therefor CGMI total holdings may be 1.5B or 33% of market cap.

We are indebted to you Gary for your posting message #3986 on this thread. Essentially it indicates that there are 26 entities in the CGMI domain in which it has major or minor interest-- all of which are potential IPOs. I'll go back to your message and select the home page ot these 26 entities and maybe I'll have then a better idea of the present worth and future of CGMI.

Can anyone help on evaluating any of these 26 entities?