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

To: Mark Peterson CPA who wrote (5495)	3/10/1999 8:59:00 AM
From: Guardian	Read Replies (2) \| Respond to of 19700

kernan on cnbc noted that cmgi's holdings are reaching limit beyond which it has to restructure as mutual fund and that lcos outright purchase would help avoid that. you tell me the specifics as i don't know anything about such rules/regulations.

To: Mark Peterson CPA who wrote (5495)	3/10/1999 9:16:00 AM
From: Diana	Read Replies (2) \| Respond to of 19700

I share your and Scarecrow's confusion. Wetherell approved the LCOS/Diller deal, talked it up, gave it his seal of approval. (When has Diller made shareholders any real money? He is just a John Malone type, having fun looking like a bigshot dealmaker.) When shareholders demonstrated that they were not to be monkeyed with, Wetherell started backing away from the deal. Now he has resigned from the LCOS board (a smart move as those directors are responsible for sound business decisions and the Diller deal wasn't). Wetherell is a proven businessman . . . the Michael Dell of the internet . . . but no human is perfect. This is Wetherell's unfinest hour and I'm sure he is concerned about such a public blunder. I hope this new line about buying LCOS is just business hype to find another bidder. I think W was pretty happy to set LCOS free and recoup some major bucks to be recycled into the CMGI coffers. Now this Tar Baby is stuck to him again. Of course, W could be trying to get rid of LCOS CEO and make him a scapegoat. But W can't escape that he was on board the Diller train until the investors refused to let the board get by with such a stupid decision.