CMGI Reaffirms Guidance for Second and Third Quarters of Fiscal 2003.

Business Editors/High-Tech Writers

ANDOVER, Mass.--(BUSINESS WIRE)--Jan. 14, 2003

CMGI, Inc. (Nasdaq: CMGI), at its Annual Meeting of Stockholders held earlier today, reaffirmed its projected financial results for the fiscal quarter ending January 31, 2003 and for the fiscal quarter ending April 30, 2003. Specifically, the Company indicated that:

-- Consolidated net revenue for the second quarter of fiscal 2003 is expected to be approximately $150 million to $155 million.

-- Pro forma operating loss(1) for the second quarter of fiscal 2003 is expected to be approximately $10 million to $15 million.

-- The Company continues to expect to reach break even on a consolidated pro forma operating basis(1) in the third quarter of fiscal 2003.

-- Consolidated cash, cash equivalents and marketable securities balance (excluding equity securities) exiting the second quarter of fiscal 2003 is expected to be approximately $169 million.

-- The usage of cash, cash equivalents and marketable securities in the second quarter of fiscal year 2003 is expected to be $34 million, of which it is estimated that approximately $10 million would relate to cash in companies being considered for divestiture in the second quarter.

CMGI's pro forma operating results(1) guidance estimates depend on the timing of actual divestitures of certain non-core assets and/or the costs related to shutdown of certain subsidiaries for which a buyer cannot be found.

About CMGI

CMGI, Inc. (Nasdaq: CMGI) provides technology and e-commerce 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; web-driven direct marketing; and enterprise-oriented professional services. CMGI's corporate headquarters are located at 100 Brickstone Square, Andover, Mass. 01810. For additional information, see www.cmgi.com.

(1) The pro forma operating results are not a recognized measure for financial statement presentation under the United States generally accepted accounting principles (U.S. GAAP). Non-U.S. GAAP earnings measures do not have any standardized definition and are therefore unlikely to be comparable to similar measures presented by other reporting companies. This pro forma measure is provided to assist readers in evaluating CMGI's operating performance and each of the items listed (in-process research and development, depreciation, amortization of assets and stock-based compensation, long-lived asset impairment and restructuring) were excluded because they were considered to be of a non-operational nature. Readers are encouraged to consider this pro forma measure in conjunction with CMGI's U.S. GAAP results.

This release contains forward-looking statements which address a variety of subjects including, for example, the expected financial results of CMGI and its operating companies for the second and third quarters of fiscal 2003, and the expected ability of CMGI to reduce its cash usage, preserve its capital resources, grow its businesses and reach profitability. All statements other than statements of historical fact, including without limitation, those with respect to CMGI's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: CMGI's ability to reach profitability in the time frame set forth herein is dependent on additional divestitures; CMGI's success is dependent upon its ability to integrate its operating companies in accordance with its business strategy; CMGI's success, including its ability to decrease its cash burn rate, improve its cash position, grow its businesses and revenues and reach profitability, depends on its ability to execute on its business strategy and the continued and increased demand for and market acceptance of CMGI's and its operating companies' products, services, and web sites and the Internet in general; CMGI may experience difficulties integrating technologies, operations and personnel in accordance with its business strategy; CMGI derives a significant portion of its revenue from a small number of customers and the loss of any of those customers would significantly damage CMGI's business; and increased competition and technological changes in the markets in which CMGI competes. For a detailed discussion of cautionary statements that may affect CMGI's future results of operations and financial results, please refer to CMGI's filings with the Securities and Exchange Commission, including CMGI's most recent Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements made by us.