AltaVista and Engage, don't look to papa for an allowance

[rcjordan]

The formerly high-flying Internet incubator reported a net loss of $636.6 million [dailynews.yahoo.com] OUCH!!!

They're also looking for a chief operating officer. I doubt the stock options will be much of an enticement.

This article [dailynews.yahoo.com] says CMGI now holds $1.9 billion in cash and publicly traded securities, or enough to fund its operations more than 30 months.

Yet another article [boston.internet.com]

[grnidone]

If they have enough money to fund them for 30 months 2 1/2 years, then there is a chance to pull out of it. This could be the best stock sale ever...if they can pull out.

Am I the only one who believes stock purchases should be a long term (like 5+ years) thing...?

-G