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

To: PLeaps who wrote (8484)	5/22/1999 7:36:00 PM
From: Sir Francis Drake	Read Replies (2) \| Respond to of 19700

FWI - this exact situation has been faced by SFE - another company that basically acts as an internet incubator. Yet they have managed to solve this problem. They offer their stock holders a way to get in on their IPOs. They used to do it through rights, now they are working on a different system. The latest proposal is that you have to have a minimum of 200-500 shares of SFE to be eligible. At that point you get the right to buy 1 IPO share for every 10 SFE shares you own (you buy at the same price as the underwriter brings out + a tiny surcharge of about 1/16 a share or so). It is also possible that they may allow those that have less than the minimum SFE shares a way to get in on the IPOs: they'll set aside a certain number of IPO shares in a fund (like a mutual fund type situation), and you'll be able to buy a "unit" of this fund, depending on how many SFE shares you own at the time when the IPO comes out (there is some kind of deadline, like 4 days before the IPO is launched you have to have shares of SFE). Even with the fund situation, you still need some kind of minimum of SFE shares. All this is a "work in progress" at this point, but they'll wrap it up soon, and inform shareholders. They are looking to bring out 1-2 IPOs in June, and another 6-8 this year. Bottom line: yes, you can devise a plan to let the shareholders in on the internet IPOs. SFE has done it, and the stock itself has done pretty well - more than doubled this year alone. It can be done. Morgan

To: PLeaps who wrote (8484)	5/22/1999 8:00:00 PM
From: gdichaz	Read Replies (1) \| Respond to of 19700

Thanks. The reason I asked about shareholder access to IPOs is that SFE does offer that as a benefit. Not clear yet though how many shares you must own to participate however. Chaz

To: PLeaps who wrote (8484)	5/25/1999 2:49:00 AM
From: KW Wingman	Read Replies (1) \| Respond to of 19700

<<<CMGI holders do not get any privaledges re: new IPOS. We have to buy in the after market like everyone else. Supposedly David Wetherall was working on this sort of benny for CMGI holders but my opinion is that it would be extremely hard to administer. Issues like - how do you find out exactly who the holders are at a period of time, what brokerages they use, etc. It is hard for the brokerage firms to allocate shares, but even harder for companies to do.>>> Don't bother me with poor excuses - supposed reasons why you can't do something. My attitude was learned from working in the oilfield "If you can't do the job, make it work, then hit the street - boy". We will get somebody who can do that job. I have no doubt at all that that attitude and belief is true within reason. "It's hard" is no reason, it is just what she said. Other companies do it, and CMGI should also do it in my opinion.