ModusLink Replaces CMGI (MLNK, CMGI)

247wallst — Tue, 30 Sep 2008 08:31:16 +0000

CMGI 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.

ModusLink offers an integrated portfolio of business processoutsourcing and technology solutions delivered across four corecompetencies: Supply Chain, e-Business, Aftermarket and EntitlementManagement.

Many of the online quote systems will be slow to update their numbers,so we wanted to update prices. Its 52-week trading range is now $8.89to $15.45, but before yesterday’s huge drop its 52-week low had been$9.36.

Jon C. Ogg
September 30, 2008

Posted in Shareholder Issues Tagged: CMGI, MLNK

CMGI Is No More (CMGI, MLNK)

247wallst — Mon, 29 Sep 2008 15:47:58 +0000

CMGI 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.

It also posted an operating loss of $15.4 million, compared with anoperating loss of $2.4 million last year and its net loss fromcontinuing operations was $18.6 million or -$0.39 EPS, compared to anet loss from continuing operations of $6.2 million or -$0.13 EPS inthe same period last year. Gross margin was 10.4%, down from 12.1% inthe same period during last year.

The renaming of CMGI to ModusLink Global Solutions, Inc. will start atthe open tomorrow, Tuesday, September 30, 2008, and the new stock willtrade on NASDAQ under the symbol "MLNK."

CMGI closed down 14% at $8.89 on light volume and its 52-week trading range "was" $9.36 to $15.45.

Jon C. Ogg
September 29, 2008

Posted in Earnings, Shareholder Issues, Software Tagged: CMGI, MLNK

24/7 Wall St. » MLNK

ModusLink Replaces CMGI (MLNK, CMGI)

CMGI Is No More (CMGI, MLNK)