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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 (6504)	3/23/1999 6:40:00 PM
From: DAVID BANISTER	Read Replies (2) \| Respond to of 19700

more take on CMGI... I added to my position on 3-12 at 167 and more today at 170 1/4. I bought in december at 40 average. now hold 760 shares. I would view this company as analgous to a pharmaceutical firm. Take Merck for instance. Its valued on its pipeline, current products out there, future profit growth potential etc. CMGI is a company valued on its pipeline of prospects, its current gems public, and future estimates of other growth engines. To me its an ever increasing growth company. Almost an exponential type growth that feeds on itself. A single tree planted in 1994 when they went public is now having 42 branches of companies and growing. What is the value today? What will be the value in 3 months, 9 months, 2 years, 5 years? I do think they are going to do something very unexpected from what I gathered during conference call. They will very likely start a venture to rival AOL and others. They have the synergisitic companies to make it happen with LYCOS at the center of it all. This will help them avoid the mutual fund tag that they have to avoid by later this year. There is no reason they cant start their own internet access company and have a huge success. AOL needs a rival... CMGI is positioned to do it. This is just one idea people... I have a $300 year end price target and a $700 tentative target for 12-2000. These have been revised upward in past, it was $225 when the year started. good luck to all... dont sell during this downdraft, add if you can with long term view