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ModusLink Global Solutions, Inc. Message Board

  • Greenager Greenager Mar 12, 1998 4:51 PM Flag

    Q2 98 earnings report

    From the first paragraph of Business wire:
    Go to the Nasdaq home page for full story.

    ANDOVER, Mass.--(BUSINESS WIRE)--March 12, 1998--CMG Information Services, Inc.
    (NASDAQ:CMGI) today reported net revenues of $17.8 million for its second quarter ended January 31,
    1998, a 13% sequential increase in quarterly revenues excluding the impact of deconsolidating the
    Company's investment in Lycos, Inc. CMG reported a net loss of $5.8 million, or ($0.58) basic earnings per
    share for the quarter, compared to net income of $2.7 million or $0.28 basic earnings per share for the
    previous quarter ended October 31, 1997. Second quarter results included a pre-tax gain of $10.8 million on
    the sale of 340,000 shares of the Company's stock of Lycos, Inc., and a one-time in-process research and
    development charge of $875,000. First quarter results included pre-tax gains of $6.3 million on the sale of
    219,900 shares of the Company's Lycos stock, $4.2 million on the sale of 224,795 shares of the Company's
    stock of Premiere Technologies, Inc., and $8.4 million on the sale by the Company's Engage Technologies
    subsidiary of certain rights to its data warehouse software products.

 
MLNK
3.75+0.02(+0.54%)Feb 26 4:00 PMEST

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