Pardon me while I roll my eyes and repeat that this deal is the best we're going to see for a second-tier portal who's frothiest days with investors are well behind it. But Wetherell doesn't need the free advice. He's nobody's fool. The gamble paid off, and the CMGI skipper isn't looking to pass on this one. But in the current market environment, expect the incubator to be flexible.
Nobody's immune from scrutiny when grumpy retail investors are on the prowl.
Many traders' portfolios are swimming in red, and most armchair investors are looking to make the freeloaders walk the plank. If you're a Net company on the bubble, now's the time to put your best foot forward. That means showing profits. Green stuff, and lots of it. CMGI has long enjoyed an enviable pseudo-accountability when it comes to its quarterly earnings.