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To: Lizzie Tudor who wrote (45343)	3/11/1999 8:12:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Microsoft <MSFT.O> dips in after-hours trade NEW YORK, March 11 (Reuters) - Shares of Microsoft Corp. edged lower in after-hours activity on Thursday following the company's statement that it was on track to meet Wall Street estimates with its third quarter results. The company also said it was experiencing a sequential slowdown in revenues, as it had expected. Microsoft chief financial officer Greg Maffei made the comments during a conference call after the close of regular session trading. Shares of the software company traded at 160-1/2 on Instinet after closing at 161-7/16, up 1/16 on the Nasdaq.

To: Lizzie Tudor who wrote (45343)	3/12/1999 8:21:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Dow set for new record but Oracle<ORCL.O>hits tone LONDON, March 12 (Reuters) - The Dow looked set to push to yet another peak on Friday although after-hours disappointment from Oracle <ORCL.O> will weigh on sentiment, dealer said. Both the Dow and S&P 500 soared to all-time highs on Thursday with bullishness about the robust U.S. economy forcing the Dow further on its seeming inexorable advance towards 10,000. On Thursday the Dow closed at 9,897.44, up more than 120 points. Dealers said that barring shocks from February producer price numbers -- due out at 1330 GMT -- the Dow may well go to 10,000 today. "As long as the bonds are okay with the PPI numbers, then we could see 10,000 today, yes," said one dealer. The PPI was forecast to fall 0.1 percent against a 0.5 percent rise last time. Globex S&P futures showed a 2.3 point advance on the June contract to 1,319.3 with fair value seen at 1,311.10, signalling a 50-60 point advance in opening Dow trade. Technology stocks may come under pressure however after Oracle's 16 percent share price fall to following news of weaker-than-expected revenue growth. The stock was seen bouncing a little from its $30.875 low, and dealers said it looked likely to open around $32. Also among hi-techs, Microsoft <MSFT.O> edged lower following the New York close after it said it was on track to meet Wall Street estimates and was experiencing a sequential slowdown in revenues, as expected. The stock dropped to $160-1/2 on Instinet and dealers said they had no price indications for the New York Microsoft opening.

To: Lizzie Tudor who wrote (45343)	3/12/1999 8:31:00 AM
From: Glenn D. Rudolph	Respond to of 164684

CMGI qtly net nearly doubles on investment gains By Eric Auchard NEW YORK, March 11 (Reuters) - Internet venture fund CMGI Inc. <CMGI.O> on Thursday said profits for its second quarter ended January nearly doubled from a year ago on gains from the growing value of its more than 30 Web investments. Net income for the second quarter ended in January grew to $14.1 million, or 28 cents per diluted share, compared to a loss of $5.8 million, or 15 cents per share. The profits derived entirely from what CMGI officials blandly refer to as "liquidity events" in their investment portfolio -- harvesting the cash from the sale of stock in public companies in which CMGI made early stage investments. The latest quarter's results benefited from pretax gains of $44.5 million on the sale of Lycos <LCOS.O> stock, $7 million on Amazon.com <AMZN.O> stock, and $4.4 million on the issuance of GeoCities Inc. <GCTY.O> stock. In the year-ago quarter ended in January, the Andover, Mass.-based company had a pretax gain of $10.7 million on the sale of Lycos stock. However, excluding gains on the sale of stocks in its portfolio, the company reported a loss for its second quarter ended in January of 41 cents per share, a CMGI official said. Analysts had projected a narrower loss of only 22 cents a share for the quarter, according to First Call's latest survey of brokerage estimates. Ignoring all gains, the consensus projection was for a loss of 37 cents, an official said. But the comparisons were muddied because some analysts included some stock sale gains while others excluded such gains, Chief Financial Officer Andrew Hajducky said during a conference call with investors after the report. Hajducky said the current market value of CMGI Internet holdings amounted to $1.61 billion. The company had a cash balance of $106.3 million at January 31. Also during the conference call, Chief Executive David Wetherell said he expected the value of CMGI's investment portfolio to continue to grow beyond the $1.6 billion. Wetherell said CMGI is poised to benefit from public stock offerings in two companies that have recently filed for IPOs -- Silknet, a Web-based customer service provider, and Critical Path, which supplies e-mail services to corporate customers. In addition, he said another two CMGI-backed Internet companies are "about to select their bankers" -- typically a major step toward filing for an initial public offering (IPO).He declined to name these latter two companies. "We believe (that with) the IPOs in the queue right now, that that number will grow significantly," Wetherell said. "I don't see the pace slowing down, I see it accelerating," he said of the pace of returns from investment activities in the coming quarter, responding to an investor's question. Asked repeatedly whether CMGI was considering a stock split, Wetherell responded that the company had, "No plans at this time for another stock split in the near future though we won't rule out the potential." Ahead of the quarterly report, CMGI stock fell $9.56 to $182.12 in active Nasdaq trading Thursday. Earlier in the week, the often volatile stock hit a record high of $226.