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

To: B. A. Marlow who wrote (5786)	3/11/1999 10:00:00 PM
From: KM	Respond to of 19700

Thursday March 11, 8:23 pm Eastern Time CMGI downplays possibility it will bid on Lycos NEW YORK, March 11 (Reuters) - CMGI Inc (Nasdaq:CMGI - news) said it was seeking alternative bidders for Lycos Inc (Nasdaq:LCOS - news) as part of its bid to upset the company's current merger plans with USA Networks Inc affiliates but that CMGI itself was not likely to attempt to buy Lycos itself. CMGI chief executive David Wetherell downplayed a report in Wednesday's Wall Street Journal which emphasised his company's willingness to become a potential bidder for Lycos. ''I don't forsee that as a likely possibility,'' Wetherell said, referring to the possibility CMGI might launch a counterbid for Lycos. He was speaking to investors during a conference call that followed CMGI's financial report for the second quarter ended in January. On Tuesday, Wetherell, a founding member of the Lycos board of directors, resigned to protest what he considered the unfavourable terms of Lycos's merger into media mogul Barry Diller's USA Networks. CMGI, once the majority owner of Lycos, remains its largest investor, with an 18.5 percent stake. In an interview Tuesday with Reuters, Wetherell had said he would push Lycos to consider merging with Internet companies or traditional media players, among other possibilities. But Wednesday's Journal report included CMGI -- Wetherell's own company -- on the list of possible Lycos suitors. By Thursday, he was downplaying the likelihood of this, saying he had mentioned CMGI as a potential bidder to the Journal's reporter as only ''one of many in a long list of alternatives we were pursuing'' for Lycos. CMGI has hired investment banker Morgan Stanley to canvass other Lycos shareholders to oppose the merger with USA Networks affiliates, including the Home Shopping Network and Ticketmaster Online/CitySearch Inc. (Nasdaq:TMCS - news) CMGI stock fell $9.56 to close at $182.12 in Nasdaq trading Thursday, ahead of the quarterly report. Net income in the latest quarter grew to $14.1 million, due entirely to investment gains from the Internet venture fund's portfolio of investments, compared to a loss of $5.8 million a year-ago. -------------------------------------------------------------------------------- More

To: B. A. Marlow who wrote (5786)	3/11/1999 10:04:00 PM
From: Guardian	Read Replies (1) \| Respond to of 19700

the 3:1 has a much better chance now than before. couldn't agree more.

To: B. A. Marlow who wrote (5786)	3/11/1999 11:55:00 PM
From: Millionairess	Read Replies (2) \| Respond to of 19700

BAM, you got it right on about the split! i have to listen to that conference again - by the way, they're putting it on their site www.cmgi.com under "conference calls" so it will be there even after the conference call phone # is no longer active after 24H if i have this right, dw was asked 3 times about plans to split and only on the 3rd time when he was asked: when he would be authorizing more shares - he said that that would be their next step that they would take before calling the split (therefore 3:1 vs 2:1?) if i am not mistaken, another curious thing he did was ask to andy H. if they have enough shares for a split - i find it hard to believe he's not up on that - i believe they want to give the impression that a split is not a key issue with them yes, imo it will be a 3 for 1 once the lcos fiasco has a more positive direction - like someone said on this thread .... like a thief in the night