Message-ID: <25830966.1075861163630.JavaMail.evans@thyme> Date: Tue, 20 Nov 2001 13:32:21 -0800 (PST) From: afternoon20@alerts.equityalert.com To: alewis@ect.enron.com Subject: Your News Alert for CMGI Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: "Equity Alert Center" @ENRON X-To: Andrew Lewis X-cc: X-bcc: X-Folder: \ALEWIS (Non-Privileged)\Lewis, Andrew H.\Deleted Items X-Origin: Lewis-A X-FileName: ALEWIS (Non-Privileged).pst =09[IMAGE]=09 =09[IMAGE]=09[IMAGE]=09 [IMAGE] [IMAGE] [IMAGE] [IMAGE] Upgrades [IMAGE] DownGrades= [IMAGE] Coverage Initiated [IMAGE] Stock Splits [IMAGE] Buybacks [IMAG= E] Pos Pre-Announce [IMAGE] Neg Pre-Announce [IMAGE] Todays IPOs [IMAGE]= IPO - Quiet Periods [IMAGE] IPO - Postponements [IMAGE] IPO - Withdrawa= ls [IMAGE] IPO - Latest Pricing [IMAGE] IPO - Lockup Period [IMAGE] = [IMAGE] [IMAGE] [IMAGE] [IMAGE] Unsubscribe [IMAGE] Update my Members= hip / Profile [IMAGE] Forgot Username / Password [IMAGE] Add / Edit Alert= s [IMAGE] View My Alerts [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMA= GE] [IMAGE] [IMAGE] [IMAGE] =09 As requested, your News Alert for CMGI = follows from EquityAlert.com. CMGI Retires Series C Preferred Stock, S= ubstantially Strengthening Capital Structure ANDOVER, Mass., Nov 20, 2001= (BUSINESS WIRE) -- CMGI, Inc. (Nasdaq: CMGI) today announced that it has r= etired its Series C Convertible Preferred Stock under the terms of an agree= ment with the Series C stockholders. The agreement represents successful co= nclusion of CMGI's focused efforts to eliminate outstanding debt and conver= tible preferred instruments. In June 1999, CMGI completed a $375 million = private placement of newly issued Series C Convertible Preferred Stock, the= June 2002 maturity value of which is estimated to be approximately $398 mi= llion. Under the terms of the agreement, the Series C stockholders retired = the obligation in full in exchange for aggregate consideration consisting o= f: 1) approximately $100.3 million in cash; 2) an obligation to deliver app= roximately 448.3 million ordinary shares of Pacific Century Cyberworks (PCC= W) owned by CMGI no later than December 2, 2002, and, 3) approximately 34.7= million shares of CMGI common stock, which shares shall be subject to cert= ain volume and other trading restrictions. The Series C stock retirement = is the second of two major financial restructuring initiatives focused on i= mproving CMGI's capital structure. Earlier this month, the company and two = of its subsidiaries, NaviSite, Inc. and AltaVista Company, announced the su= ccessful completion of an agreement with Compaq Computer Corporation and Co= mpaq Financial Services to retire, restructure and realign key financial ob= ligations. "With today's agreement, we've effectively closed the second c= hapter of our financial restructuring initiatives and significantly improve= d our capital structure in line with the company's long-term goals," said G= eorge McMillan, chief financial officer, CMGI, Inc. "The successful retirem= ent of both the Compaq and Series C obligations now frees CMGI and its subs= idiaries to focus our resources on strengthening our fiscal management and = executing on an operating plan to grow our businesses in 2002 and beyond. W= e expect that this capital restructuring, coupled with our ongoing fundamen= tal restructuring and alignment of our business, will enable us to focus ou= r resources on ongoing initiatives to accelerate recurring operating profit= ability and position the company for growth-focused activities." About CM= GI and @Ventures CMGI, Inc. (Nasdaq: CMGI), a leading global Internet oper= ating and development company, is comprised of established and emerging com= panies, including both CMGI operating businesses and investments made throu= gh its venture capital affiliate, @Ventures. CMGI companies span a range of= vertical market segments including search and portals; infrastructure and = enabling technologies; e-business and fulfillment; marketing software and s= ervices; and Internet professional services. Compaq, Pacific Century CyberW= orks and Sumitomo hold minority positions in CMGI. CMGI's majority-owned = operating companies include Engage (Nasdaq: ENGA), NaviSite (Nasdaq: NAVI),= AltaVista, Equilibrium, SalesLink, Tallan, uBid and yesmail.com. @Ventures= has ownership interests in more than 40 companies, with a focus on identif= ying, investing in and developing emerging technology companies and eBusine= sses. CMGI's corporate headquarters is located at 100 Brickstone Square, = Andover, MA 01810. @Ventures has offices there, as well as at 3000 Alpine R= oad, Menlo Park, CA 94028. For additional information, see http://www.cmgi.= com and http://www.ventures.com. This release contains forward-looking st= atements which address a variety of subjects including, for example, the ex= pected benefits of the agreement with certain of CMGI's equityholders to re= tire all of the outstanding shares of CMGI's Series C Convertible Preferred= Stock, efforts to accelerate recurring operating profitability and the res= ults of growth-focused activities. The following important factors and unce= rtainties, among others, could cause actual results to differ materially fr= om those described in these forward-looking statements: CMGI's success, inc= luding its ability to decrease its cash burn rate, improve its cash positio= n and revenue run rate and reach profitability, depends on its ability to e= xecute on its business strategy and the continued and increased demand for = and market acceptance of CMGI's products and services and the Internet in g= eneral; CMGI may experience difficulties integrating technologies, operatio= ns and personnel in accordance with its business strategy; and increased co= mpetition and technological changes in the markets in which CMGI competes. = For a detailed discussion of cautionary statements that may affect CMGI's f= uture results of operations and financial results, please refer to CMGI's f= ilings with the Securities and Exchange Commission, including CMGI's Annual= Report on Form 10-K filed October 29, 2001. CONTACT: CMGI Corpo= rate Communications CMGI Investor Relations Deidre Moo= re Catherine Taylor (978) 684-3655 = (978) 684-3832 dmoore@cmgi.com = ctaylor@cmgi.com URL: http://www.businesswire.com Today= 's News On The Net - Business Wire's full file on the Internet with Hyperli= nks to your home page. Copyright (C) 2001 Business Wire. All rights reser= ved. -0- KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: BANKING = COMPUTERS/ELECTRONICS INTERNET = SOFTWARE SOURCE: CMGI [IMAGE] = ***IMPORTANT NOTICE AND DISCLAIMER REGARDING THIS COURTESY EMAIL*** At y= our request, as a subscriber to our service, this email alert is being sent= to you as a courtesy and is for information purposes only. We are a financ= ial news re-distributor. We are not an investment advisory and do not purpo= rt to tell or suggest which companies you should monitor or which securitie= s you should purchase or sell. 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