That conversion to a mutual fund wouldn't happen ( if it even did) until late Fall. And that would NOT happen if the Alta Vista deal goes through. CMGI derives 70% of it's revenue from 30 different companies. There is some 1940's securites law that calls this a mutual fund. Well, by buying Alta Vista or some other company with enough revenues, CMGI can avoid this point altogether. It not like the conversion would be automatic in the Fall, anyway.