CMGI Chairman David Wetherell to Sell up to 200,000 Shares of CMGI Stock.Business Editors/High-Tech Writers ANDOVER, Mass.--(BUSINESS WIRE)--Dec. 30, 2002 CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) , Inc. (Nasdaq: CMGI) today announced that David Wetherell, CMGI's Chairman of the Board, intends to sell up to 200,000 shares of CMGI common stock, representing less than 1% of Mr. Wetherell's holdings, into the public market prior to the end of calendar year 2002. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Wetherell, the proposed sales are being done for personal tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. purposes, and the number of shares sold will represent the minimum number of shares required to be sold to achieve such tax planning purposes. The sales represent the first time that Mr. Wetherell will have sold shares of CMGI common stock since April 1999. Giving effect to the proposed sales, Mr. Wetherell will continue to hold 25,523,636 shares of common stock, representing approximately 6.5% of CMGI's issued and outstanding shares of common stock. Mr. Wetherell also will continue to hold currently exercisable options to purchase approximately 5 million shares of CMGI common stock. About CMGI CMGI, Inc. provides technology and e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. solutions that help businesses market, sell and distribute their products and services. CMGI offers targeted solutions including industry-leading global supply chain management, web-based distribution and fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. , web-driven direct marketing, and enterprise-oriented professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. . CMGI's corporate headquarters are located at 100 Brickstone Square, Andover, Mass. 01810. For additional information, see www.cmgi.com. |
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