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

To: lin huan chen who wrote (4305)	1/23/1999 4:03:00 PM
From: sunny	Read Replies (2) \| Respond to of 19700

Surprising news! What's the next CMGI IPO?! Well, maybe I've got interesting news for you: probably it's BLAXXUN! I've just read a german business magazine, called "Capital". There's a list of german IPOs in 1999. It's segmented in quarters. Guess what company I've found under 1st quarter 99: "Blaxxon" (probably a typo) brought to market by "Kling, Jelko and Dr. Dehmel", Products: "Virtual Reality Software", Market: "Neuer Markt", Frankfurt, Valuation: 3 stars out of 3. I've researched and there's no company called "BlaxxOn". As Blaxxun is headquartered in Munich, the probability that it's "our" Blaxxun is very high. I'm surprised because there actually has been no news on Blaxxun and no articles in Germany about an Blaxxun IPO yet. Maybe I can check with Kling Jelko and Dr. Dehmel if it's really true. Could be very interesting and exciting since the "Neuer Markt" in Germany is VERY hot exactly like Internet companies in the US (companies usually double to triple their value at their IPO...). Regards, sunny

To: lin huan chen who wrote (4305)	1/23/1999 4:29:00 PM
From: Gary105	Respond to of 19700

Excellent post! It looks like the author has taken time to value the company. His valuation looks reasonable, it would be great if he provided details because Steve Harmon described the stock as severely undervalued at $120 pre-split ($60 post split), yet Alex Yakirevich describes fair value at $67 post split. I guess everything is relative to how the sector is doing. The charts for 97- early '99 looks very similar to '94- early '96 where it ran up quickly. quote.yahoo.com If history repeats then it will spend a year or two building a base for a further runup - ie no new highs for a while (if history repeats). One can make a case for such a scenario given that the internet leaders are beginning to enter a period where they make real money. Such a period has in the past been marked by transition from a "valuation by concept" methodology to the more traditional valuation measures. Gary