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

To: Venkie who wrote (5793)	3/11/1999 11:48:00 PM
From: neverenough	Respond to of 19700

March 11, 1999 23:29 CMGI qtly net nearly doubles on investment gains By Eric Auchard NEW YORK, March 11 (Reuters) - Internet venture fund CMGI Inc. 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 stock, $7 million on Amazon.com stock, and $4.4 million on the issuance of GeoCities Inc. 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.

To: Venkie who wrote (5793)	3/12/1999 7:21:00 AM
From: LWolf	Respond to of 19700

Hi Donny... I've been in and out of CMGI several times during the past year, but not day trading; just out when it tops and the back in when it looks like it's starting to run. I had bought back in around 140's then sold in the 210's (during the past week or so), but then bought back in @ 198 (too high) when I thought there might be a split. Plus I have April 210 calls (which now might be a stretch). The common aren't a problem (and if it really drops it would be a great opportunity to pick up more shares), but I have to figure out what I'm going to do about the options. I have no idea how the general market will react today. If they just look at the earnings numbers and not worry about a split the stock should hold, I'd think. It was interesting hearing DW say during the CC, that 50% of CMGI was held by institutions; they're not going to run for the doors.. it would only be the traders and momentum players. Did you hear the story about my sister? She's a long term holder of CMGI; she bought 33 shares @ $7, about 5 years ago and now has 360 at avg cost of $.64/shr. Think what an eventual split will do for her. What's even more amazing is that she doesn't even track it. Her friends call her and tell her what's going on with it. [Even though I have a margin account and all positions are actually purchased that way, I never buy anything that I don't have the cash for... I hate being leveraged with margin and won't do it]. Re: Dell, unfortunately it's caught up in the perceptions of CPQs problems right now, IMO. And now that the float is so large, I don't think they're going to have the moves that companies with smaller floats get. (DELL & AOL remain in my core holdings; along with CMGI). L