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

To: Dave Dickerson who wrote (4958)	2/25/1999 5:15:00 PM
From: Grabs	Respond to of 19700

Nice analysis Dave. We all appreciate it. (at least I do) One question regarding earnings in your bullish case is whether the $1-2 per share earnings is the relevant comparison to the -$0.26 per share estimates. I believe there are two components to earnings: 1. ongoing operations, and 2. gains from sale. Do both your $1-2 estimate and the analysts figures include gains from sale. If so, obviously, the analysts are way off the mark. Also, have you heard of Safeguard Scientific (SFE? It's another company incubator a la CMGI, however, they historically have not been net-focused, but have declared their intention to become more so. Any thoughts on SFE? Thanks in advance for any comments. Go CMGI! Grabs

To: Dave Dickerson who wrote (4958)	2/25/1999 5:58:00 PM
From: HG	Respond to of 19700

Thanks Dave. Really appreciate your time and the info. I owe the existing CMGI gains to you - I would have sold off at 90+ - it simply seemed to keep going down.... Earnings estimates seem a bit bullish but hey - I'll take those kind of earnings anyday... <<<although if you had over $1 billion in cash,wouldn't you be interested in higher interest rates while you are waiting for new investments to come along>>> I suppose it depends on investor sentiments. People generally react to the rates hike, but then they get used to them. If the bull market continues, the rates don't bother me. Fund managers, large investors cannot hide in the safety of rates - not forever at least... <<<cnbc pronouncements about net bubble>>> cbnc has been at it forever....by now I understand it has a momentary effect....the y2k is a real pain though. I plan to cash out in August/Sept to avoid Oct and then Dec....and I'm sure most have some plans... I have LKGATs. Short/Medium term leaps scare me after DELL.... Thanks again....

To: Dave Dickerson who wrote (4958)	2/25/1999 6:03:00 PM
From: Mark Peterson CPA	Read Replies (3) \| Respond to of 19700

Dave, enjoyed reading your analysis, but a question. Don't you think that the forthcoming IPO's and the expected $1-$2 in earnings are already priced into the stock? I'm inclined to believe that it is. There is also another matter similar to all those one time charges that companies take that they exclude from earnings because, well, they were one time events. As a result, although actual earnings before one time charges may be $1.00, after the charges, they are really $.50, but everyone ignores the charges and basically says the company earned $1.00. Some analysts may view CMGI as having one time gains from the sale of their holdings. So, although the earnings are $1 - $2 after including "one-time" gains, the actual earnings are still $-.26. The analysts may focus on the actual earnings because the one time gain, in the event of a market melt-down, may be just that - a one-time, non-recurring gain. As a practical matter, the market will take several days to digest the impact of whatever CMGI reports and the volatility affected price swings will be enormous, IMO. By the way, I'm long CMGI at $105 and have sold the $140 calls against it. Best regards, Mark A. Peterson