CMGI Named in the ''Globe 100'' List of Top Performing Companies for Second Consecutive Year
24 May 2007 - 10:30PM
Business Wire
CMGI, Inc. (NASDAQ:CMGI), which provides industry-leading global
supply chain management services and solutions through its
subsidiary, ModusLink Corporation, today announced that it has been
named to the �Globe 100� list of top performing public companies in
Massachusetts, announced by The Boston Globe this week. Based on a
composite score derived from financial data for the four quarters
ending December 31, 2006, CMGI was ranked 32nd, up from 62nd last
year, among Massachusetts-based companies whose stock is publicly
traded on NASDAQ, New York Stock Exchange or American Stock
Exchange. It is the second consecutive year that CMGI has been
included in the Globe 100. �The companies in the Globe 100 have
distinguished themselves in not only their respective fields but
among other Massachusetts businesses,� said Globe business editor
Shirley Leung. �This year�s Globe 100 highlights the broad spectrum
of both old and new Massachusetts companies.� To qualify for the
Globe 100, a company must have been public for the entire 2006
calendar year and have reported a positive net income for both 2005
and 2006. "In 2006, our continued execution of key strategic
initiatives contributed to CMGI�s improved financial performance
and we are pleased to be recognized in the �Globe 100�,� said
Joseph C. Lawler, Chairman, President and Chief Executive Officer
of CMGI. �Looking forward, we will remain focused on aggressively
implementing our ongoing strategies including pursuing revenue
opportunities in our key vertical markets, increasing our value
proposition with new and innovative supply chain solutions and
increasing global operational efficiencies,� continued Lawler. The
Globe 100, now in its 19th year, ranks Massachusetts-based public
companies based on financial data from the four quarters ending
closest to December 31, 2006, and for corresponding quarters a year
earlier. About the Boston Globe The Boston Globe is wholly owned by
The New York Times Company (NYSE: NYT), a leading media company
with 2006 revenues of $3.3 billion, including The New York Times,
the International Herald Tribune, The Boston Globe, 15 other daily
newspapers, WQXR-FM and more than 30 Web sites, including
NYTimes.com, Boston.com and About.com. The Company's core purpose
is to enhance society by creating, collecting and distributing
high-quality news, information and entertainment. About CMGI CMGI,
Inc. (Nasdaq: CMGI), through its subsidiary ModusLink, provides
industry-leading global supply chain management services and
solutions that help businesses market, sell and distribute their
products around the world. In addition, CMGI�s venture capital
business, @Ventures, invests in a variety of technology ventures.
For additional information, visit: www.cmgi.com. This release
contains forward-looking statements, which address a variety of
subjects including, for example, CMGI�s prospects and further
execution of its strategies. The following important factors and
uncertainties, among others, could cause actual results to differ
materially from those described in these forward-looking
statements: CMGI's success depends on its ability to execute on its
business strategy and the continued and increased demand for and
market acceptance of its products and services; CMGI may not be
able to expand its operations in accordance with its business
strategy; CMGI may experience difficulties integrating
technologies, operations and personnel in accordance with its
business strategy; CMGI derives a significant portion of its
revenue from a small number of customers and the loss of any of
those customers would significantly damage its financial condition
and results of operations; and increased competition and
technological changes in the markets in which CMGI competes. For a
detailed discussion of cautionary statements that may affect CMGI's
future results of operations and financial results, please refer to
CMGI's filings with the Securities and Exchange Commission,
including CMGI's most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q. Forward-looking statements represent
management's current expectations and are inherently uncertain. We
do not undertake any obligation to update forward-looking
statements made by us.
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