CMGI Declares Two-For-One Stock Split.ANDOVER, Mass.--(BUSINESS WIRE)--Dec. 17, 1998--CMGI, Inc. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
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CMGI College Marketing Group Information (Services) ) today announced that the company's Board of Directors has declared a two-for-one common stock split.
The two-for-one stock split will be effected in the form of a 100 percent stock dividend. Stockholders will receive one share of common stock for each share held on the record date, December 28, 1998. Stock certificates will be distributed on January 11, 1999.
Total outstanding shares after the stock split will be approximately 46 million shares compared with the current outstanding shares of about 23 million.
A recognized leader in the Internet arena, CMGI (NASDAQ:CMGI) combines venture investment with Internet operating companies to create a broad and diverse portfolio of businesses delivering innovative Internet solutions. Microsoft, Intel and Sumitomo hold minority positions in CMGI.
The CMGI Internet Group consists of its majority-owned subsidiary majority-owned subsidiary
A firm in which more than 50% of outstanding voting stock is owned by the parent company. companies Planet Direct, NaviSite, NaviNet, Engage Technologies, ADSmart, and The Password, as well as a minority investment in Magnitude Network.
The company's CMG CMG Coastal & Marine Geology (USGS)
CMG Chipotle Mexican Grill, Inc. (stock symbol)
CMG Companion (of the Order Of) St Michael and St George
CMG Computer Measurement Group @Ventures investment affiliates have ownership interests in 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. ), blaxxun, GeoCities (NASDAQ:GCTY), Vicinity, Parable, KOZ, Silknet, Chemdex, Speech Machines, Softway Systems, TicketsLive, Critical Path, Mother Nature, Raging Bull, Universal Learning Technology, Virtual Ink, Ancestry.com, and Visto. CMGI also includes CMG Direct, SalesLink, InSolutions
and On-Demand Solutions as wholly owned subsidiaries Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. in the direct marketing, fulfillment and turn-key arenas.
Corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. Fax: 978-684-3814. Additional information is available on the company's Web site, http://www.cmgi.com.