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

To: ELIAS DEEB who wrote (8066)	5/10/1999 7:19:00 PM
From: S.C. Barnard	Respond to of 19700

Fidelity parent FMR Corp. has 10.3 stake in CMGI NEW YORK, May 10 (Reuters) - FMR Corp., the parent company of mutual fund giant Fidelity, has accumulated a 10.3 percent stake in Internet venture capital company CMGI Inc., it said in a regulatory filing Monday. Also on Monday, Engage Technologies, an Internet marketing firm that is majority-owned by CMGI, said it had filed for an initial stock offering, and a newspaper report suggested that CMGI may be near to winning a well-publicized battle over its best-known investment, the Web portal Lycos Inc. (LCOS - news). Shares of CMGI, based in Andover, Mass., rose $16.6875, or 8 percent, to $237.9375, in trade Monday on the Nasdaq stock market. In a filing with the U.S. Securities and Exchange Commission, Boston-based FMR said it owns about 4.8 million CMGI common shares. The filing did give additional details about the share purchases. Citing unnamed sources, the Wall Street Journal reported Monday that USA Networks Inc. (USAI - news) might abandon its planned acquisition of Lycos because it does not believe it can win the support of Lycos shareholders. David Wetherell, CMGI's chairman and chief executive, has sought to prevent Lycos from being acquired by USA Networks, run by television mogul Barry Diller, because he felt the price was too low. Wetherell resigned from the board of Lycos after the deal was announced, saying he would demand a higher price or fight the sale. The acquisition was initially valued at between $17 billion and $18 billion.

To: ELIAS DEEB who wrote (8066)	5/10/1999 7:40:00 PM
From: George Martin	Read Replies (2) \| Respond to of 19700

Shareholder meeting this Thursday the 13th at 10:00 AM. Another day like today for tomorrow would make it even more enjoyable ! CNBC Joe Kernan announced tonight that Fidelity increased its stake in CMGI to around 11 %. Also, as noted in Jenne's earlier post (#8059) re: AdSmart, CMGI and DW continue to attract top flite executives for upper management positions. I believe DW recruited a top level NBC exec for Magnitude Network. Good luck George Martin