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The Bull Market Report Reiterates Buy On CMGI.


The Bull Market Report is a DAILY e-mail newsletter that covers stocks that create wealth. Many are hi-tech and Internet stocks and many are solid blue chips. Their picks have continuously outperformed the S&P 500 and the Goldman Sachs Internet Index. This is a pattern of success as demonstrated by their continued understanding of Internet related and high-tech stocks. They are located at

An excerpt of COMMENTARY from Thursday, a representative issue:

142 million Web users worldwide in 1998

502 million web users worldwide in 2003

That is 72 million per year or 197,000 a day.


CMGI will buy 83 percent of the AltaVista search engine from Compaq Computer for about $2.3 billion in a bid to get wider viewership of its vast Internet holdings.

COMMENT: We think this is a great move for both firms. Compaq first: As you know, Compaq's stock (NYSE:CPQ), has declined to the low 20's from a high this year of $51. We are very disappointed in the performance of the company as they appear to have missed the boat with the online ordering systems that Dell has been executing so well.

Now comes this alliance with CMGI (Nasdaq:CMGI). How does it benefit them? First of all, CPQ will own over 16% of CMGI. Plus they will retain 17% of AltaVista, enabling them to profit from the continued success of the firm that they nurtured from the womb.

What's in it for CMGI? Compaq will help advocate the stable of young Internet companies by using their technology and promoting them in their normal channels of PC sales.

You have two choices: For the conservative types, pick up some Compaq at these low levels - you won't regret it. For the aggressive investor: Go for some CMGI. This speculative, aggressive venture capital firm is headed in the right direction. And the growth of the Internet has just begun!

Other stocks discussed in recent Bull Market Report newsletters are: America Online (NYSE:AOL), AT&T (NYSE:T), Citigroup (NYSE:C), Lucent (NYSE:LU), EMC (NYSE:EMC), General Electric (NYSE:GE), Dell (NASDAQ:DELL), Intel (NASDAQ:INTC), Cisco (NASDAQ:CSCO), Microsoft (NASDAQ:MSFT), Gateway (NYSE:GTW), E-Trade (NASDAQ:EGRP), McDonald's (NYSE:MCD), WalMart (NYSE:WMT), Wind River Systems (NASDAQ: WIND), Capital One (NYSE:COF), Apple (NASDAQ:AAPL), 3Com (NASDAQ:COMS), Iomega (NYSE:IOM), Knight/Trimark Group (NASDAQ: NITE), General Motors(NYSE:GM), @Home (NASDAQ:ATHM), Amazon (Nasdaq:AMZN), Ameritrade (Nasdaq:AMTD, TD Waterhouse (NYSE:TWE), MCI-Worldcom (Nasdaq:WCOM), Beyond (Nasdaq:BYND), Merrill Lynch (NYSE:MER), Merck (NYSE:MRK), CNET (Nasdaq:CNET), Mindspring (Nasdaq:MSPG), Oracle (Nasdaq:ORCL), Pfizer (NYSE:PFE), Schwab (NYSE:SCH), FedEx (NYSE:FDX), Sprint PCS (NYSE:PCS), Qualcomm (NASDAQ:QCOM) and Home Depot (NYSE:HD)

This is an abridged version of the free Bull-Market.Com. To receive a FREE FOUR WEEK trial of the DAILY version, please visit them at or send an e-mail to and say FOUR WEEK TRIAL PLEASE! The company does not sell its subscriber lists and e-mail addresses are kept confidential.

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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 5, 1999
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