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

To: sam who wrote (5950)	3/13/1999 10:42:00 AM
From: Jenne	Read Replies (1) \| Respond to of 19700

CMGI's CEO Rallies Support to Nix Lycos Merger, Globe Reports Bloomberg News March 13, 1999, 5:53 a.m. PT Waltham, Massachusetts, March 13 (Bloomberg) -- CMGI Inc., the largest shareholder of Lycos Inc., said it's rallied enough support from other investors to block Lycos' merger proposal with USA Networks Inc., the Boston Globe reported. Officials at Lycos and USA Network declined to comment on the remarks by CMGI's chief executive, David Wetherell. Wetherell, whose CMGI owns about 18.5 percent of Lycos, said the merger proposal values the Lycos network, the No. 3 Internet search service, at about $6 billion, which is too low relative to other industry transactions, the Globe reported. CMGI said this week that it hired investment banker Morgan Stanley, Dean Witter & Co. to find buyers other than USA Networks for Lycos. (BG A9 3/13 www.boston.com)

To: sam who wrote (5950)	3/13/1999 11:26:00 AM
From: SJS	Respond to of 19700

Right. I think I said that about changing on a dime. Now...until new news of substance to move to a decision point or event on LCOS, or a split, the Mo-MO to ST risk potential remains higher than the reward potential, even with the stock being down 30%. It could be down to a 50% point in a heartbeat as mo-mo or ST or even core investors continue to lighten up or leave all-togehter, but with RIGHT news could be up 20% just as fast. Here's how it shapes up. 1) Mo-Mo: day traders and points scalpers. If it moves, kill it. Don't look back. Here today, gone tommorrow, back the next day after. 2) ST traders: hold overnight(s), weeks, maybe quarters. Risk and reward must be in appropriate balance for direction of trade and decision to stay or leave. 3) LT holders: Care not on day to day, week to week, it's vision, LT execution and gameplan, and potential big money in YEARS. Put yourself in one or more of these camps. Forget you own the stock, step back for a moment and review the balance of the recent dataflow without any emotional bias generated by your ownership of the stock. So.......rhetorically......where are you with your shares? 1) Mo-MO: Bail or short. Bad news and turmoil creates opportunity. 2) ST traders: quick review of profits, assess greed/fear, assess risk/reward, determine new course of action, if any. 3) LT investors: Yawn. It is time to wake up yet? No? Wake me in 2001. That's how it stack up for me. Hope this helps crystalize your thoughts, too. Steve