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To: TFF who wrote (715)	2/17/1999 5:35:00 PM
From: funk	Read Replies (1) \| Respond to of 2802

CMGI to compete with Broadcast.com By Matthew Broersma 02/17/99 02:36:00 PM The company is hiring a former NBC exec and pouring $100 million into the venture. Venture firm CMGI said Wednesday it will build and launch an Internet broadcast firm with Neil Braun, the former president of NBC Television Network, possibly bringing Broadcast.com its first serious competition. CMGI (Nasdaq:CMGI), of Andover, Mass., will invest $100 million in the new company, which will focus on the delivery of live audio and video over the Internet, according to CMGI. "The Internet marketplace has only just begun to capitalize on the potential of this medium to deliver audio and video content," said CMGI Chairman and CEO David Wetherell. "I'm confident that the resultant company from this partnership will have a strong, unique position, and we look forward to its emergence and impact." Braun was an NBC executive since 1994 and has more than 20 years of experience in television. The investment firm said it plans to tie its other Internet properties to the broadcast company, but did not specify what kind of involvement there would be. The new company is slated for a second-quarter 1999 launch. "This is a strategic move by a media company looking to best position itself for the next stage of content on the Web, which is arguably going to be one where content is richer and is disseminated in a way similar to what users are used to in television," said analyst Ron Rappaport of Zona Research. CMGI, formerly called CMG Information Services, was a direct marketing firm that found major success in a few early Internet investments, among them stakes in Geocities (Nasdaq:GCTY) and Lycos Inc. (Nasdaq:LCOS), of Framingham, Mass. The company has been a key player in Lycos' proposed absorption into USA Networks (NYSE:USAI), and could nix the deal or force USA to sweeten things for Lycos shareholders. More details to follow.

To: TFF who wrote (715)	2/18/1999 7:01:00 PM
From: TFF	Read Replies (2) \| Respond to of 2802

Final Frontier Diary( updated ): Final Frontier Watchlist I techstocks.com Final Frontier Watchlist II techstocks.com Market Mood: Dow - wants to move higher but will wait for NASDAQ to turn up. Nasdaq - wants to consolidate gains from October. Internet Sector - wants to clean out weak hands. Factors Effecting Market Mood: currently an issue MSFT trial Commodities The Fed/Bonds Net Bubble Earnings Growth/Valuations Seasonal savings inflows to mutual funds Y2K Japan Iraq Latin America Southeast Asia Europe Anticipation Trades: LCOS FEB 24.Possible AOL + EBAY deal may put EAuctions in play. Market Trades: Dow/S&P Sector Trades: Internets Hot sub sector Portals: YHOO AOL SEEK LCOS XCIT INKT CNET GNET NSCP INSP ISP's: MSPG ELNK ATHM RMII RCNC GEEK PSIX PCNTF PRGY EFinancial Services: EGRP MKTW PQT MARG NTBK DBCC TRAC SCH NDB SWS SIEB JBOH NITE TSCN AMTD OMGA INDI Etailers: AMZN SKYM KTEL CDNW NTKI PPOD EWBX COOL EGGS CYSP DLIA TMCS MZON DRIV SPLN SHRP ONHN ETravel: IFLY PTVL FLYR EAuctioners: EBAY ONSL UBID MALL BII EAudio & Video: BRCM RNWK BCST NAVR AHWY ETelephony LHSPF GMGC VOCLF NSPK VCSI IDTC ETEL ECommerce Software CYCH MAIL OMKT MACR CKFR EAdvertising: NETG DCLK NSOL TFSM CMGI ZD ECommunities: TGLO GCTY XMCM E*Biz to Biz Commerce: VERT