Can Cmgi Stop The Bleeding?

Suddenly, Chairman Wetherell wants profits, not projects

When New England Patriots owner Robert Kraft announced on Aug. 21 that CMGI Inc. had bought the naming rights to the Patriots' new football stadium, he offered an unusual revelation. Noting that he had owned CMGI stock for years, Kraft said he had been buying up the company's battered shares "every day for the last 60 days." Standing beside Kraft, CMGI Chairman David Wetherell clearly appreciated the vote of confidence.

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