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CMGI REPORTS $2.6 BILLION NET LOSS

Published on .

Internet holding company CMGI reported a net loss of $2.6 billion for the second quarter ended Jan. 31, compared to a net loss of $636.6 million for the previous quarter ended Oct. 31, 2000. CMGI also reported net revenue of $342.7 million for the second quarter ended Jan. 31, a 116% increase compared to same quarter a year earlier, but a 6% sequential decrease in quarterly revenue. CMGI closed March 13 at $3.91, down from its 52-week high of $137.

Copyright March 2001, Crain Communications Inc.

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