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

To: Slumdog who wrote (5362)	3/8/1999 9:07:00 PM
From: HG	Read Replies (1) \| Respond to of 19700

Honest ? Think I should change my profile from tulip lover to pig lover ?

To: Slumdog who wrote (5362)	3/8/1999 10:49:00 PM
From: Islander	Read Replies (2) \| Respond to of 19700

"Forget Yahoo (YHOO), forget Amazon.com (AMZN). The company at the very top of the Internet pyramid is CMGI." Briefing.com Dec 18.1998: "CMG INFORMATION SERVICES (CMGI) 96 5/16 +15 13/16When Briefing.com first covered this stock, we called it "the ultimate Internet stock." A triple onslaught of press releases underscores what we mean. Tuesday's press release announcing blowout earnings show why. The company's operating loss was more than $19 million on revenues of $40 million. But who cares? Gains on sale of stock in companies that CMGI financed total more than $84 million dollars, all of which, after taxes, falls to the bottom line. This will be the pattern for the next couple of years for CMGI. Step back for a moment and picture what the Internet revolution really means, for an investor. When investors finally get the picture on the Internet revolution, they rush to buy stocks of companies that will part of the Internet revolution. Forget the business model, or whether a company is profitable, investors simply have wanted to own some part of the Internet. This desire, along with the booming revenue growth of many companies like Yahoo (YHOO) and Amazon.com (AMZN) is the principal reason that stocks have risen to unprecedented valuations. At the heart of the internet revolution, the most desired thing is Internet stock!. And Internet stock is the principal product of CMGI. There isn't any other public company out there that has turned itself into an Internet IPO machine like CMGI. Starting just four years ago with the sale of Book for $30 million in AOL stock (later sold for $60 million), for which they have financed more than thirty companies. Principal among these are Lycos($2 million stake now worth $460 million) and Geocities (original $6 million stake now worth $260 million ) This morning's press release announced the closing of of their $275 million CMGI@Ventures III venture fund, which includes such partners as Microsoft, Vulcan Ventures (Paul Allen), BancBoston Capital, and others. Expect CMGI to just build the stable of future IPOs. Another press release today announces that CMGI will split 3-1 on January 11. As long as the market for Internet stocks keeps up, CMGI, unlike any other company, can always have a blow-out earnings report, because they simply decide how many shares of each new company they want to sell. Forget Yahoo (YHOO), forget Amazon.com (AMZN). The company at the very top of the Internet pyramid is CMGI. When the Internet stock mania falls apart, CMGI may fall the furthest, since that is their core business now. But with that day seemingly far away, CMGI will likely continue to ride the Internet fever even higher. CMGI closed Monday at $74 1/4. CMGI is now up more than 25% from Monday's close after the triple-whammy press releases." D.Taylor, please do some real research prior to posting words which will only embarrass you and hurt what little credibility you may have on SI.