[b]CMGI - CMGI SAYS TO ACQUIRE UBID.COM IN ALL-STOCK DEAL VALUED[/b] - 500 Beiträge pro Seite

[investor_007]

CMGI - CMGI SAYS TO ACQUIRE UBID.COM IN ALL-STOCK DEAL VALUED

[investor_007]

CMGI <CMGI.O> SAYS TO ACQUIRE UBID.COM IN ALL-STOCK DEAL VALUED
AT $407 MLN

[investor_007]

http://ubid.com/

[investor_007]

CMGI To Acquire uBid.com; CMGI to Expand B2B Focus While <CMGI.O
<UBID.O>


CMGI To Acquire uBid.com; CMGI to
Expand B2B Focus While Driving Increased Traffic to Fast-Growing B2C
Business of Popular Auction Site

ANDOVER, Mass. and CHICAGO--(BUSINESS WIRE)--Feb. 10, 2000--
Editor`s Summary:
--CMGI announces definitive agreement to acquire uBid.com in an
all-stock transaction valued at approximately $407 million
--CMGI to accelerate uBid.com traffic growth, revenue streams by
maximizing synergies with existing network properties such as
MyWay.com, iCAST, yesmail.com(1) and AltaVista, and enhance inventory
management and product fulfillment services through SalesLink
--uBid.com to contribute industry-leading capabilities in online
merchandising and inventory management for growth of CMGI-affiliated
e-commerce properties
--Acquisition expected to close in May 2000, following
shareholder and regulatory approvals
CMGI, Inc. (Nasdaq: CMGI), the world`s largest and most
diversified network of Internet companies, announced today that it has
signed a definitive merger agreement to acquire uBid.com (NASDAQ:
UBID), a leading e-commerce auction site, in a stock-for-stock merger
transaction valued at approximately $407 million. Under the terms of
the merger agreement, CMGI will issue .2628 CMGI shares for every
share of uBid.com held on the closing date of the transaction. Closing
of the transaction, expected in May of 2000, is subject to customary
regulatory approvals, including formal approval by uBid.com
shareholders. Upon closing, uBid.com will become a majority-owned
operating company of CMGI.
uBid.com, the Internet leader in business-to-consumer auctions,
operates a thriving online auction marketplace offering brand-name
products to both consumers and businesses. uBid.com provides consumers
the opportunity to set their own prices on popular products at
significant discounts to those found in traditional channels. In
addition, uBid.com auctions provide leading suppliers such as Sony,
IBM, Hewlett Packard, Canon, Epson, and Harmon Kardon, with an
inexpensive and highly efficient channel for selling excess or unique
items on a timely basis, while preserving their existing distribution
channels.
uBid.com`s auctions feature a rotating selection of brand name
items in 12 categories or "stores": computers; monitors, printers and
more; consumer electronics; home & leisure; sports ad recreation;
jewelry & gifts; off-lease computers; clothing and apparel; home
improvements; art; appliance; and travel and events.
To help accelerate uBid.com`s already impressive growth and
revenue performance, upon closing of the transaction CMGI intends to
exploit a number of highly synergistic opportunities with other
companies now in the CMGI network. These include several opportunities
with both business- to-consumer (B2C) and business-to-business (B2B)
e-commerce companies that can distribute inventory through uBid.com.
Additionally, CMGI expects to integrate uBid.com`s auction and
merchandising capabilities into the enterprise arena through its
extensive network of business-to-business affiliates, such as CMGI
Solutions and MyWay.com.
CMGI also intends to leverage its existing network of sites to
drive increased traffic, as well as apply the strengths of its
marketing and advertising properties, such as Engage and
yesmail.com(1), to help uBid.com more effectively monetize its site
traffic and mine its growing database of more than a million
registered users.
"Online auctions, both B2C and B2B, are one of the
fastest-growing areas of the Internet, and uBid.com has distinguished
itself in the market with highly differentiated merchandising and
inventory management capabilities that will prove hugely valuable as
this model scales for the future," said David Wetherell, Chairman and
CEO, CMGI. "We believe there`s tremendous opportunity in applying
these techniques to CMGI`s existing e-commerce companies, and in
building aggressively to extend these technologies into the emerging
B2B marketplace through licensing and other channels."
"Joining the CMGI network of companies will allow uBid.com to
more rapidly and more efficiently expand our unique merchandising
model in both the B2B and B2C market segments," said Greg Jones,
Chairman and CEO of uBid.com. "In addition to greatly increasing our
reach in the consumer marketplace, the vast array of partnership
opportunities with CMGI network companies will lead to new sources of
unique merchandise, as well as powerful new distribution outlets for
our auction technology platform."
uBid.com was founded in April of 1997 by Creative Computers to
facilitate the movement of excess and refurbished inventory through
the online commerce channel. The company was later incorporated in
1997 and became listed on the Nasdaq exchange through an initial
public offering on December 4, 1998.
About CMGI and CMGI Ventures
With more than 60 companies, CMGI, Inc. (Nasdaq: CMGI) represents
the largest, most diverse network of Internet companies in the world.
This network includes both CMGI operating companies and a growing
number of synergistic investments through its venture capital
affiliate, CMGI Ventures. CMGI leverages the technologies, content
and market reach of its extended family of companies to foster rapid
growth and industry leadership across its network, and the larger
Internet Economy. Compaq, Intel, Microsoft, Pacific Century CyberWorks
and Sumitomo hold minority positions in CMGI.
CMGI`s majority-owned operating companies include Engage
Technologies (Nasdaq: ENGA), NaviSite (Nasdaq: NAVI), 1ClickBrands,
1stUp.com, Activate.net, AdForce, Adsmart, AltaVista, CMGI Solutions,
Equilibrium, Flycast, iCAST, Magnitude Network, MyWay.com, NaviNet,
SalesLink, Tribal Voice and ZineZone. The company`s venture capital
affiliate, CMGI Ventures, has ownership interests in Lycos, Inc.
(Nasdaq: LCOS), Critical Path (Nasdaq: CPTH), Silknet (Nasdaq: SILK),
Chemdex (Nasdaq: CMDX), MotherNature.com (Nasdaq: MTHR), Asimba.com,
AuctionWatch.com, Aureate Media, blaxxun, BizBuyer.com, Boatscape.com,
buyersedge.com, CarParts.com, CraftShop.com, eCircles.com,
eGroups.com, EXP.com, FindLaw, FoodBuy.com, Furniture.com, Gamers.com,
Half.com, HotLinks, Industria, INPHO/HomePriceCheck.com,
Intelligent/Digital, KnowledgeFirst, KOZ.com, Mondera.com,
MyFamily.com, NextMonet.com, NextOffice.com, NextPlanetOver.com,
Oncology.com, OneCore.com, PlanetOutdoors.com, Productopia,
SnapFish.com, Speech Machines, ThingWorld.com, Vicinity, Virtual Ink,
Visto, Vstore and WebCT.
CMGI and CMGI Ventures Corporate headquarters are located at 100
Brickstone Square, Andover, MA 01810. Telephone: [phone]. Fax:
978-684-3814. CMGI Ventures also has offices at 3000 Alpine Road,
Menlo Park, CA 94028; 650-233-0333. Additional information is
available on the company`s Web sites at http://www.cmgi.com and
http://www.ventures.com.
About uBid.com
uBid.com is a leading online auction and e-commerce site offering
brand name products to consumers and businesses through live-action
bidding using sophisticated auction technology. The company`s Internet
auctions feature a rotating selection of brand-name computers,
consumer electronics, housewares, sporting goods and memorabilia,
jewelry, apparel, appliances, art, travel and events, home improvement
products, and off-lease computer equipment. Industrial and
manufacturing equipment is also available at www.srauction.com and
www.ironmall.com.
uBid.com is committed to providing all customers with the
highest-quality auction experience on the Internet and offers supplier
warranties on most consumer products. uBid.com also meets Better
Business Bureau Online standards, which give customers the confidence
and security to bid safely online.
uBid.com, with headquarters in Illinois, is a publicly traded
company (Nasdaq: UBID). For more information, visit the company`s Web
site at www.ubid.com.
EDITOR`S NOTE: Executives from CMGI and uBid.com will be
available to discuss the pending acquisition on an conference call
scheduled for today at 10 AM EST. Interested parties may participate
in the call by dialing 1-800-553-5275; international callers may dial
[phone]. The conference call will also be webcast from the CMGI
web site at http://www.cmgi.com/investor/webcast.html.
CMGI and uBid expect to file a proxy statement/prospectus under
the securities act of 1933 with respect to the business combination
described herein. Investors are urged to read the relevant documents
filed or to be filed with the Securities and Exchange Commission
because they contain important information. Investors may obtain these
documents for free at the web site maintained by the Securities and
Exchange commission at http://www.sec.gov. In addition, any such
documents, excluding exhibits, may be obtained from CMGI without
charge by requesting them in writing or by telephone at the following
address: CMGI, Inc.; attention: Catherine Taylor, Director of Investor

[ChrisBull]

C M G I P R E S S R E L E A S E

SoftNet Teams with CMGI, Compaq, Nokia, To Form SoftNet Zone,
A New Wireless Broadband Internet Service

CMGI, Compaq and SoftNet invest more than $100 million combined
to bring broadband mobile Internet services to global business
travelers; Nokia and Cisco to join in the venture combining
cutting-edge wireless, mobile and IT technologies

SoftNet acquires leading airport Internet service provider, Laptop Lane,
as core marketing channel for SoftNet Zone


For the full story visit:
http://www.replynow.net/CMGI/rd.asp?id=2FZ-B-CN-1

[investor_007]

By: zen_warrior
Reply To: None Thursday, 10 Feb 2000 at 9:54 AM EST
Post # of 70100




UBID = SERIOUS Bargain!...
WOW!:
EBAY
Revs 9 months ending 9/30/99: $150.8 Mil.
Growth from year before: 173%
P/S: 97

UBID
Revs 9 months ending 9/30/99: $135 Mil.!!!
Growth from year before: 460%!!!!
P/S: 1.3!!!

Holy Smokes! Where the heck were we???
Why buy them, other than the obvious MASSIVE value & growth? For AV, MyWay.com, and remember ThingWorld/iCast!! Yep... remember we will be selling limited edition sports, etc multimedia memorabilia, and surely personal stuff using 1ClickCharge, iCast, etc... things like music, video, and these other ThingWorld collectibles. This was an absolutely awesome deal. Those selling CMGI now are NUTS.
- Zen

[investor_007]

By: zen_warrior
Reply To: None Thursday, 10 Feb 2000 at 10:07 AM EST
Post # of 70100




UBID B2B Sites Coming Soon!:
Coming Soon! uBid for Business - the small business utopia(sm)

uBid.com is pleased to announce the upcoming launch of a new site devoted to the needs of business. With new features and services, such as open billing accounts, sales of items at auction, and editorial content, as well as new product categories including office supplies and insurance, uBid for Business is expected to be an invaluable resource to both our corporate and small business customers.

To request more information regarding uBid for Business, please contact Mark McWeeney by clicking here, [e-mail].


uBid`s Business-To-Business Auctions Are A New Way To Buy And Sell Industrial And Manufacturing Equipment.

Selling used or surplus equipment and machinery at auction is nothing new: it s long been standard procedure. But now uBid.com is revolutionizing industrial auctions the same way we ve changed the rules for consumers and small businesses.

Through strategic alliances with industrial equipment leaders, we re creating a family of business-to-business auction sites that provide 24-hour, real-time electronic bidding in a secure online environment.

Best of all, if you know how to bid and buy at uBid.com, you already know how to get great deals at our business-to-business sites. You can search through thousands of products. You can bid in confidence. And you don t have to travel any farther than your computer monitor.

Click any of the sites below to experience how uBid.com is changing business-to-business auctions for the better! Click here to go to Ironmall.com. A leading online auction for buying and selling construction equipment

Click here to go to S/R Auction.com! A leading online auction for buying and selling surplus industrial equipment

Coming Soon! Other New Auction Sites

Packaging Equipment Industry
Printing Equipment Industry
Paper Equipment Industry
Foodservice Equipment Industry
To request more information regarding uBid`s Business to Business Auctions, click here, [e-mail].

[investor_007]

By: parothedavb
Reply To: None Thursday, 10 Feb 2000 at 11:08 AM EST
Post # of 69497


CMGI STORY PART 1
NEW YORK (CNNfn) - Internet investment company CMGI Inc. said Thursday it will buy Web auction site uBid.com for about $407 million in stock.
Under the deal, CMGI (CMGI: Research, Estimates) will issue .2628 share for each uBid.com (UBID: Research, Estimates) share, or about $31.67 based on Wednesday`s prices, a 19 percent premium over uBid`s close of about $26.69. CMGI closed Wednesday at 120-1/2.
Ubid.com operates business-to-consumer and business-to-business online auctions of computers, consumer electronics, apparel, housewares, jewelry and other items.
Andover, Mass.-based CMGI said it plans to boost uBid.com traffic and revenue by using other CMGI properties such as MyWay.com, iCAST, yesmail.com and AltaVista. It also will expand the site`s inventory and product fulfillment services.
The companies said they expect to use uBid.com`s online merchandising and inventory management technology and services for CMGI-owned e-commerce companies.
The acquisition is subject to regulatory and uBid shareholder approval and is expected to close in May.
uBid differs from consumer-to-consumer auction sites such as eBay (EBAY: Research, Estimates) by offering for bidding brand-name products that come directly from manufacturers, including Sony, IBM, Hewlett Packard, Canon and Epson.
uBid will launch its business-to-business (B2B) auction site soon and said it will provide corporate and small businesses with products and services such as office supplies and insurance.
"Online auctions, both B2C (business-to-consumer) and B2B, are one of the fastest-growing areas of the Internet," David Wetherell, CMGI chairman and CEO, said.
"We believe there`s tremendous opportunity in applying these techniques to CMGI`s existing e-commerce companies, and in building aggressively to extend these technologies into the emerging B2B marketplace through licensing and other channels."
Banc of America`s Internet retail analyst Tom Courtney recently issued a report saying the online business-to-consumer market is poised to increase substantially.
"Worldwide Internet retail sales were almost $23 billion in 1999 and we expect that to double in 2000," Courtney said. "Street estimates for worldwide sales in 2002 are approximately $105 billion, with $65 billion of that in the U.S. This implies an annual growth rate of 80 percent worldwide."
Courtney said that among the small-cap sector for Internet retailers, he recommended uBid with a "strong buy" rating, since he felt the company was a pioneer in the B2C auction area and as it expands into B2B.
In early trading Thursday, CMGI fell 3-1/2, or 2.9 percent, to 117 and uBid jumped 3-5/8, or 13.6 percent, to 30-5/16

[schmidtwerner]

Nach der Bekanntgabe der Übernahme von UBID (WKN 917579), hat CMGI darüber informiert, daß sie Altavista an die Börse führen werden. Einem Emmisionskurs von bis zu 20$ wird ein Erstkurs von über 100$ gegenüberstehen. Beide Umstände werden sich auch unweigerlich auf den CMGI-Kurs auswirken, da hier ein deutlicher Wertsteigerungsprozeß stattfindet. Das kann für UBID-Aktionäre nur gut sein, denn das Tauschverhältnis steht mit ca. 0,26 CMGI-Aktien fest. Je höher der CMGI-Kurs, desto wertvoller die UBIDs. Möglicherweise ein günstiger Weg, sich dann noch bei CMGI einzumogeln.

Schmidt & Werner