"The Company believes that the new name, 'CMGI, Inc.,' an acronym for Collaborative Media Group Interactive, better focuses customer and consumer awareness on the Company's current commitment to the internet interactive market. The Company wants to avoid customer and consumer misunderstanding of its current business focus which may result from its current name, CMG Information Services, Inc., a name that stemmed from the Company's involvement with list management services." source: Definitive Proxy filed November 24, 1998 http://www.sec.gov/Archives/edgar/data/914712/0000927016-98-004136.txt
We're not going bankrupt [with a couple hundred million in cash and equivilents]. We're not going to be delisted because for nasdaq the net worth has to fall to less than 3 million. CMGI is adding 1,000 workers in mexico for special projects for this year and next. Why would they do that if they had no business.