Investing

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. 

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