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CMGI in trip to knacker's yard

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CMGI - which has lost two thirds of its $50 billion value since the beginning of the year - is to take measures to try and halt the company's slide.

In a bid to improve his company's "path to profitability" CMGI chairman, David Wetherell, said the Net investment outfit would reduce its stable of companies by around half and look to run a more focused operation.

So that's the glue factory for a few knackered old donkeys then, is it?

AltaVista UK - an ass of an outfit - is a CMGI company.

According to reports, CMGI has identified five broad business areas where it feels it should really concentrate its efforts. Being an ISP is not believed to be one of them.

CMGI would not say which daft old creatures would be taken outside and loaded onto an unmarked van for the short but bumpy ride to the abattoir. Still, it's probably for the best. Don't want to upset them, do you? ®

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