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gets its bills paid in euros with which to cash in for more greenbacks ; this spells a better bottom line;

lots of cash in the coffers to weather a bad storm; this is no longer the darling of the street; rather it's cinderella waiting to be re-discovered in a new ballroom gown. I bet against the pumpkin

CMGI just got hammer and hammered hard.

CMGI just reported lower income on lower sales. Not what the holders of a growth stock in a growth industry want to hear.

But hold on one minute....

This is a company that has re-invented itself. Reconform it's business model to produce earnings. If a new kid were to come on the block with a negative PE, people would still buy the company. CMGI today is not the same company it was two years ago, yet it is still making money and will continue to grow.

CMGI used to be a player among the Internet incubators, now it is a supplier with

About ModusLink

ModusLink Corporation is a leading provider of global, end-to-end supply chain management solutions. The company provides technology clients in the software, computing, consumer electronics, storage and communications markets with customized supply chain solutions that improve time-to-market, productivity and customer satisfaction while reducing risk and cost. ModusLink's services include consulting and planning, sourcing and supply base management, manufacturing and product configuration, fulfillment, logistics management, e-commerce and the complete range of aftermarket s

CMGI has been notching up good gains after the earnings annoucement late February. It has been going up on high volume. Pullbacks have been few and generally on lighter volume. More importantly, it has a good fundamental story to tell. Has strong cashflow & sports sales to PE ratio that is more suitable to a utility company not one that invests in technology stocks. While all this is happening the mainstream media is ignoring it.

The target is based on resistance in the area of $2.85 and $3. Could go higher.

Filed under: After the bell, Intel (INTC), Market matters, Abercrombie and Fitch (ANF), CMGI Inc (CMGI)

Filed under: After the bell, Intel (INTC), Market matters, Abercrombie and Fitch (ANF), CMGI Inc (CMGI)

Filed under: Earnings reports, Microsoft (MSFT), PepsiCo (PEP), Krispy Kreme Doughnuts (KKD), Alcoa Inc (AA), Best Buy (BBY), Nortel Networks (NT), QUALCOMM Inc (QCOM), Texas Instruments (TXN), CMGI Inc (CMGI), Lehman Br Holdings (LEH)

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• ADC Telecommunications Inc. (NASDAQ: ADCT) beat Q2 estimates and raised its full-year guidance.
• Alcoa Inc. (NYSE: AA) near-term earnings prospects led to an analyst downgrade.
• Banco de Chile (NYSE: BCH) earnings prospects after an acquisition led to an analyst's u

Filed under: Gap Inc (GPS), Teva Pharm Indus ADR (TEVA), CMGI Inc (CMGI)

• DJIA 12286.18 (+5.86)
• S&P500 1358.10 (-3.66)
• NASDAQ 2448.94 (-10.52)
• 10YR T-NOTE 4.099% (+0.107%)

Filed under: Before the bell, Alcatel-LucentADS (ALU), CMGI Inc (CMGI)

CMGI (NASDAQ:CMGI) is off almost 15% after posting poor earnings.

ArcelorMittal (NYSE:MT) is down about 4% after news that it will open new mining operations.

Alcatel-Lucent (NYSE:ALU) is off 2% without any obvious news.

Petro-Hawk (NYSE:HK) is up almost 3% after positive comments from Jim Cramer.

Stocks may trade differently in the pre-market than they do in the regular session.

Douglas A. McIntyre is an editor at 247wallst.com.

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