CMGI Chairman and CEO David Wetherell Purchases 250,000 Company Shares on the Open Market.Business/Technology Editors ANDOVER, Mass.--(BUSINESS WIRE)--Oct. 6, 2000 CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) , Inc. (Nasdaq: CMGI), a leading global Internet operating and development company, today announced that Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. David Wetherell has purchased 250,000 shares of the company's stock on the open market. Commenting on the purchase, Wetherell said, "As stated 2 weeks ago during our quarterly earnings report, CMGI is on a strong growth path with a well-diversified network of revenue-generating companies. The combination of the strong market position of our six business segments, our accelerating path to profitability, and our ample cash and available-for-sale securities gives me great confidence in CMGI's future." Additionally, CMGI Chief Financial Officer Andrew Hajducky recently exercised options to purchase 120,000 shares of CMGI stock and will hold the shares. About CMGI and CMGI @Ventures CMGI, Inc. (Nasdaq: CMGI), a leading global Internet operating and development company, represents a network of 70 established and emerging companies, including both CMGI operating businesses and synergistic investments made through its venture capital affiliate, CMGI @Ventures. Companies in the CMGI network span a range of vertical market segments including search and portals; infrastructure and enabling technologies; e-business and fulfillment; interactive marketing; and Internet professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. . CMGI leverages the technologies, content and market reach of its extended network to foster rapid growth and industry leadership across the Internet Economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . Compaq, Intel, Microsoft, Pacific Century CyberWorks and Sumitomo hold minority positions in CMGI. CMGI's majority-owned operating companies include Engage (Nasdaq: ENGA), NaviSite (Nasdaq: NAVI), 1stUp.com, Activate, AdForce, AltaVista, CMGion, CMGI Solutions, Equilibrium, ExchangePath, iCAST, MyWay.com, NaviPath, SalesLink, uBid.com, and yesmail.com. CMGI @Ventures has ownership interests in 54 companies, including Lycos, Inc. (Nasdaq: LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ), Critical Path (Nasdaq: CPTH), MotherNature.com (Nasdaq: MTHR MTHR Mobile Telecommunications and Health Research (UK) ), Ventro (Nasdaq: VNTR VNTR Variable Number of Tandem Repeat(s) ) and Vicinity (Nasdaq: VCNT). CMGI's corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. CMGI @Ventures has offices there, as well as at 3000 Alpine Road, Menlo Park, CA 94028. For additional information, see http://www.cmgi.com and http://www.ventures.com. |
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