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CMGI Reorganises Business Units
News CMGI is reorganising its business structure, dividing its operating companies and venture capital investments into six different business units. As a result of the reorganisation, investors will have an easier time following CMGI's financial...
[September 7, 2000, 13:09]
The Day Ahead: CMGI Grasping At Straws
News Commentary: CMGI gave its bewildered investors a lot to chew on Monday when it told analysts that it was putting its online entertainment site and free Internet access business up for sale and predicted profitability by the end of fiscal 2001.
[November 14, 2000, 11:58]
The Day Ahead: CMGI, Then And Now
News CMGI had the currency to do whatever it wanted. Just ask Internet incubator CMGI. CMGI talks the profitability game, but can't offer any specifics -- at least until January (investors hope). As for CMGI's most recent quarter, we could pick through...
[December 20, 2000, 12:44]
The Day Ahead: CMGI Lessens Dependence On IPO Market
News Internet incubator CMGI made its name by developing startups and cashing in when they go public. Now CMGI is distancing itself from that image and the perception that it depends on the health of the IPO market.
[June 15, 2000, 11:52]
CMGI Tops 3Q Estimates
News CMGI topped analysts' estimates in its third quarter Tuesday, posting a loss of $428m (£284.7m), or $1.53 a share, on sales of $225.9 million. Ahead of the earnings report, CMGI shares closed up 1/8 to 56 5/8.
[June 14, 2000, 10:00]
Compaq, CMGI Seal AltaVista Deal
News Compaq will get 19 million shares of CMGI common stock and preferred shares equal to another 1.8 million common shares, making it the largest outside shareholder of the company. Compaq will also get a seat on CMGI's board.
[June 29, 1999, 14:33]
Lycos Soars As CMGI Boss Quits In Protest
News Wetherell's departure is the first concrete sign that CMGI will lobby against the USA-Lycos merger, which lumps USA's Home Shopping Network with Lycos and Ticketmaster-Citysearch. said Lawrence York, portfolio manager for the WWW Internet Fund...
[March 9, 1999, 17:03]
The Day Ahead: Compaq's CMGI Loss Quite A Distraction
News Translation: Compaq has given up on a CMGI recovery. Luckily, Compaq cashed in on the CMGI deal with a gain of $1.2bn way back in its third quarter of 1999. But a write-off related to its investment in CMGI was quite a distraction.
[January 24, 2001, 13:05]
News Burst: CMGi In Talks To Buy AltaVista
News A deal could be announced as early as Thursday, according to people familiar with the situation, though talks could still break down. Full story to follow
[June 23, 1999, 16:16]
CMGI's ICast Blends Messaging With Media
News CMGI's iCast division will release an application today that combines multimedia with instant messaging. It will allow consumers to play and share audio files, watch movies, chat and send instant messages.
[February 29, 2000, 14:38]
VC Backs Challenger To Broadcast.com
News After big scores investing in Lycos and Geocities, CMGI hopes to pull off the trifecta with a $100 million (£60 million) investment in an Internet broadcast start-up to be run by the former president of the NBC television network.
[February 18, 1999, 9:54]
A New Twist On Free ISPs
News CMGI is rapidly emerging as a force to contend with. You may not know CMGI and 1stUp.com, but you do know their partners. CMGI's "keirestu" model (an old Japanese concept of aligning a number of businesses under one umbrella, which contributed to...
[March 16, 2000, 13:44]
The Day Ahead: Sizing Up The Internet Incubators
News In press releases, Internet.com said it "continues to follow the path of CMGI and Internet Capital Group. CMGI when finished will be among the leaders in Internet reach and marketing and own stakes of more than 100 Internet companies.
[February 7, 2000, 11:56]
AltaVista's Next Move In Portal Wars
News AltaVista has announced several new features and services since the announced sale of a controlling interest in the company to CMGI, which owns stakes in a wide variety of Internet companies including Lycos Inc.
[July 16, 1999, 10:08]
EGreetings: IPO Today, Acquired Tomorrow?
News Yesmail.com goes public in September and is bought in December by CMGI, which incidentally has a habit of plucking young companies off the public markets. Process of elimination leaves Lycos or CMGI. Our bet would be CMGI.
[December 17, 1999, 11:51]
AOL Blocks AT&T's IM Client
News AT&T's client uses technology from Tribal Voice, which was recently acquired by CMGI. AOL has licensed its AIM software to some sites, including Lycos, whose largest shareholder is CMGI. This (CMGI deal) even furthers that," Nagengast said.
[December 9, 1999, 16:12]
Terra Lycos Lassos AltaVista's Raging Bull
News Raging Bull becomes the latest Web site to be sold off by CMGI, the majority owner of AltaVista. AltaVista acquired Raging Bull in 1999, in a deal largely seen as a way for CMGI to bring two of its investments together to create more Internet value.
[January 30, 2001, 16:23]
The Day Ahead: Divine InterVentures' IPO Needs Help From Above
News CMGI, Safeguard and ICG are well-known, well-funded entities. Divine is trying to be like CMGI, Internet Capital Group and Safeguard Scientifics as it attempts to create an "Internet Zaibatsu," a synergistic community of Net companies.
[June 28, 2000, 11:53]
USA Networks To Buy Lycos
News Internet venture fund CMGI Inc. Nasdaq:CMGI) agreed to vote its 20 percent stake in Lycos in favour of the deal. In a complex three-way stock swap, Lycos announced today that it will merge with Ticketmaster Online-City search and USA Networks' e...
[February 9, 1999, 15:52]
Investments Deflate Compaq Profit In 4Q
News But Compaq also took a one-time charge of $1.8bn primarily to write down losses associated with the decline in value of Compaq's holding of stock in Internet incubator CMGI. Compaq acquired approximately 17 percent of CMGI in its sale of AltaVista.
[January 24, 2001, 8:55]
