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


To: DAVID BANISTER who wrote (8224)5/13/1999 8:27:00 PM
From: George Martin  Read Replies (1) | Respond to of 19700
 
Hi, David -

Very interesting if you saw this CMGI - LCOS possible hook-up back at the beginning of the USAI deal. Makes some sense for what has happened since then. DW may have had some "seller's remorse", accentuated by severe negative market reaction.

Although DW did not refer to it specifically today, after he made his "hallowed ground" comment about LCOS, one wondered if in retrospect he regretted "letting" Geocities go as well. In any event, he seems intent on creating all links along the entire length of the "net value chain." The Magnitude Network initiative, leading to iCast, seemed to highlight that: what did not get presented to him as business proposition, he took steps to create himself.

BTW, one other fact I forgot to mention in the earlier summary: at the meeting today DW said 1000 business plans were presented to CMGI in January and that # increased to 1500 in March. Hopefully, more picks of the litter to be coming along the way.

Good luck,

George Martin



To: DAVID BANISTER who wrote (8224)5/13/1999 9:50:00 PM
From: bundashus  Respond to of 19700
 
From Worth magazine May 1999. Need to Know, The Vision Thing by L.J.Davis page 32

CMGI is a marketing copy but also a venture capitalist. When 40% of CMGI's assets being held in investments, that makes it mutual fund under the 1940 Investment Company Act.

A way out for CMGI is to buy out one or more of the companies it has ownership in.

Lycos could be that company



To: DAVID BANISTER who wrote (8224)5/14/1999 1:12:00 AM
From: BIGFRED  Read Replies (2) | Respond to of 19700
 
Hi David:

I remember reading a lot about why LCOS will not be bought out before November , 1999. It has something to do with cost of options that would be very expensive for the acquiring company.

Fred