Deep inside the upstart lab of CMGI <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: CMGI)") else Response.Write("(Nasdaq: CMGI)") end if %>, something is amiss. Or is it? Rick Aristotle Munarriz (TMF Edible) and Paul Commins (TMF Buster) are seeing things through different pairs of safety goggles.
Rick thinks the company is a burner waiting to be ignited, while Paul thinks it's a beaker breaker. Read the opening arguments. Read the rebuttals. Then vote for who concocted the best defense.
The Bull Argument...
The Internet, as your eyes see before you, is alive and well. It's the funky business models and the irrational exuberance that has gone obit city. Fine. CMGI might have been dinged in the process of the mercy killing, but it's actually in much better shape now, with the froth blown clean off.
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Bear Argument...
As far as I can tell, CMGI is the poster child for this dark side of the new economy. I can think of no other public company that has thrown itself into new economy's shadow -- the "Internet economy" -- with such wild, indiscriminate abandon. The CMGI model appears to assume that all things Internet are aligned with future profits.
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The Bull Argument »
