CMGI Reveals Name of Web Broadcast Initiative; Sanchez Discusses Growth Plans During `VcallApolooza' Conference Calls.PHILADELPHIA--(BUSINESS WIRE)--April 14, 1999-- Corporate executives from CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on -- CMGI) and Sanchez Computer Associates (NASDAQ - SCAI (Switch-to-Computer Applications Interface) A standard for integrating computers to a PBX. See switch-to-computer. ) discussed major growth plans for the coming months, with thousands of individual investors listening worldwide via the Internet. In separate conference calls during today's "VcallApolooza" Internet conference call event, Michael Sanchez, chairman of Sanchez and David Andonian, president of CMGI's Internet Group, outlined continued significant growth. Andonian said that CMGI was committing at least $100 million to a new Internet broadcast initiative to be called "I-Cast." Andonian said that I-Cast will be "the premier broadcaster on the web," utilizing other assets from CMGI's stable of companies, including NaviSite, ZineZone and Magnitude Networks. Andonian said that CMGI has hired former NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. Television Network president Neil Braun to head the effort. Andonian expects I-Cast to launch later in 1999. In an earlier call, Sanchez told listeners that the company expects to begin announcing strategic partners later this month for its innovative e-PROFILE.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. electronic banking technology and service offering. He also indicated that his "best guess" was that significant customer announcements would begin in May. Sanchez provides comprehensive banking software for financial services organizations worldwide. VcallApolooza is an all-day Internet conference call focusing on Internet companies, featuring over 40 companies, analysts and portfolio managers. The event runs from 8:00 am. to 8:00 p.m. EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT and is accessible to the public free of charge at http://www.vcall.com. V-Call.com, the preeiminent provider of corporate conference calls via the Internet is hosting the event, with interviews being conducted by V-Call's RadioWallStreet service. |
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