Certainly investments by Sumitomo, Intel and Microsoft are nice however consider that individual investors in CMGI are really investing in something a lot closer to a venture capital fund than an operating company. As such, the expectation for return should be extremely high to balance the reasonably high commensurate risk.
Obviously there investment philosophy has been pretty good so far. I would look at management as investment advisors and fund managers rather than operators of businesses.
Not where I would want to be as an idividual investor. Maybee a good place for some "horse track" money.
For my part, I think this whole e-commerce, internet, telecommunications explosion movement is as big a thing, as big an impact on out lives, as the invention of electricity, and the computer. It will changes our lives and the way we do business and buy and everything else that much. Look at all the growth numbers on the net and e-commerce. I am getting all I can of all companies related to this field. CMGI looks like a sure bet to me, if you don't overpay in the short term. BWDIK.