Posts for Ticker ‘MLNK’

ModusLink Replaces CMGI (MLNK, CMGI)

Moduslink_logoCMGI Inc. (NASDAQ: CMGI) is now ModusLink Global Solutions, Inc. (NASDAQ: MLNK).  Shares are now open for trading after opening at $9.00.  Last night the company reported earnings, but traders will now be focused on the company’s name change and stock ticker change as it sheds its last remnants of being the old internet incubator.  The company’s main operations are in the arena of global supply chain business process management. 

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Posted on: September 30, 2008 – 8:31 am in Shareholder Issues, ,

CMGI Is No More (CMGI, MLNK)

Cmgi_logoModuslink_logoCMGI Inc. (NASDAQ: CMGI) is about to go through an investor transformation.  The former Internet incubator is now mostly ModusLink and will reflect that change. It also released its quarterly earnings with its net revenue was $276.3 million, up 9.4% over the same period last year.   On a non-GAAP  basis its operating income was $6.3 million, down from $7.2 million in the same period last year.  We don’t really have any great estimates from analysts to use for a comparison right now as it looks like the old figures were not updated.  The company is also changing its name and stock ticker effective tomorrow.

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Posted on: September 29, 2008 – 3:47 pm in Earnings, Shareholder Issues, Software, ,