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

To: Steven Messina,L.M.T. who wrote (8215)	5/13/1999 5:43:00 PM
From: Jenne	Respond to of 19700

By Janet Haney, CBS MarketWatch Last Update: 12:58 PM ET May 13, 1999 Movers & Shakers SAN DIEGO (CBS.MW) -- Gateway on Thursday said it's investing $200 million in Internet venture firm CMGI in exchange for an about 2 percent stake in an effort to increase its Internet investment possibilities. CMGI NASD Last Chg. 238 1/16 -1 11/16 % Chg. Vol. -0.70% 2,606,600 Day Lo. Day Hi. 236 249 3/4 Open Prev. 246 239 3/4 As of May 13/99 5:40 pm ET Last Trade May 13/99 4:01 pm ET 15 MIN. DELAY Gateway (GTW: news, msgs) also said it will integrate its products and services into CMGI's (CMGI: news, msgs) portfolio of Internet companies. The companies will then treat each other as a preferred vendor. The companies said they'll "seek out collaborative business and investment opportunities on the Internet. "Gateway and CMGI share a common vision of the future of the Internet.We intend to collaborate on a range of opportunities, including site development and interactive marketing solutions," Ted Waitt, Gateway's Chairman and CEO said in a press release. Shares of Gateway rose 3/8 to 68 9/16. CMGI stock jumped 8 to 247 3/4. Located in Andover, Mass., the company operates and creates Internet and direct marketing companies.