Nachbörsl CMGI +10% ENGAGE +115% NaviSite +32%

software-centric model to take advantage of the growing opportunities in the
content management and ad serving markets," said president and CEO Christopher
Cuddy. "Through further restructuring of sales, marketing, and product
development, as well as ongoing outreach to existing customers, we are
effectively repositioning the company for growth and profitability. Moreover, we
are expanding our worldwide sales force through an aggressive recruitment plan
in which we intend to add approximately 20 salespeople by early spring. On the
product development side, we have prioritized our efforts towards new solutions
that specifically address the needs and interests of our customers. We are
pleased with the early progress of these initiatives, and currently anticipate
releasing significant enhancements to our core products over the next few
quarters. For example, a new version of ContentServer with integrated search
technology is forecasted for customer release this spring."

Engage continued the wind-down of its media business following the cessation of
media operations in September 2001. Engage is continuing to work diligently to
complete wind-down activities, including settling significant obligations, by
early calendar 2002.

"We're pleased with the pace and effectiveness of the transition, which has
enabled us to dedicate additional resources towards the growing opportunities
for content management software for multichannel marketing and ad serving," said
Cuddy.

The Company substantially reduced its cash utilization rate for the first
quarter to $11.2 million, excluding the $8.0 million of loan proceeds from CMGI,
from $21.6 million in the fourth quarter. Engage had $30.0 million in cash and
cash equivalents as of October 31, 2001 and reiterated that these resources,
which include the recent loan of $8.0 million from CMGI, are expected to be
sufficient to reach profitability by the end of fiscal 2002.

"Our strategic focus has clearly shifted from transformation towards
implementation," said Cuddy. "We anticipate our near-term initiatives, including
the sales force expansion and new product introductions, to accelerate our
growth and more visibly contribute to our financial results in the coming
quarters."

Engage will conduct a conference call and simultaneous Webcast today at 5:00
p.m. EST to discuss the Company's fiscal 2002 first quarter results. The call
can be accessed via the investor section of Engage's corporate Web site at
www.engage.com.



   About Engage

Engage, Inc. (Nasdaq: ENGA) is a leading enterprise marketing software company
and a majority-owned operating company of CMGI, Inc. (Nasdaq: CMGI). Engage's
content management products are designed to enable companies to harness the
power of multichannel marketing to create more loyal customers and increase
brand visibility and recognition. Based in Andover, Massachusetts, Engage has
European headquarters in London and offices worldwide. For more information on
Engage, please call 877-U ENGAGE or visit www.engage.com.

Engage is a trademark of Engage Inc. Other product names mentioned herein may be
trademarks and/or registered trademarks of their respective owners.



Statement Under the Private Securities Litigation Reform Act

This press release includes forward-looking statements about us, including
statements regarding our intent to focus on our software business, reposition
the company for growth and profitability, expand our sales force, release
significant enhancements to our core products, and release additional products,
solutions and a new version of our ContentServer product, and statements
regarding our belief that our initiatives will accelerate our growth and that we
have sufficient resources to fund operations through profitability by the end of
fiscal 2002. These forward-looking statements are based on information available
to us as of the date of this press release, and not as of any subsequent date,
and are subject to a number of risks and uncertainties that could cause actual
results to differ materially from those anticipated. For example, over the next
several years the content management market may not grow rapidly or grow at all.
Other risks that could affect us include our ability to reduce expenses and to
increase sales of our product offerings, the impact of competition within our
industry, our ability to enter into additional strategic relationships, and
other risks detailed in our 2001 Annual Report on Form 10-K and from time to
time in our other reports filed with the SEC. While we may elect to update
forward-looking statements at some point in the future, we specifically disclaim
any obligation to do so, even if the information available to us with respect to
the subject of any forward-looking statement changes.



                            Engage, Inc.

                     Consolidated Balance Sheets

                           (In thousands)

                                 October 31, 2001        July 31, 2001

                                     (Unaudited)

Assets

Current assets:

   Cash and cash equivalents          $ 30,013              $ 33,261

    Available-for-sale securities            -                     -

    Accounts receivable, net             7,236                 8,357

    Prepaid expenses and

     other current assets                1,539                 1,221

    Current assets related

     to discontinued operations          5,686                13,016

       Total current assets             44,474                55,855

Property and equipment, net               6,291                 7,094

Intangible assets, net                   54,065                61,389

Other assets                              2,538                 7,258

Long-term assets related

to discontinued operations               1,141                 1,241

       Total assets                  $ 108,509             $ 132,837

Liabilities and Stockholders' Equity

Current liabilities:

    Current portion of obligation

     under capital lease               $ 2,792               $ 2,806

    Current portion of

     long-term debt                      1,959                 1,693

    Debt to CMGI                        52,064                     -

    Accounts payable                     4,449                 5,903

    Due to CMGI affiliates               1,378                 1,699

    Accrued expenses                    19,433                38,396

    Deferred revenue                     3,982                 6,365

       Total current liabilities        86,057                56,862

Due to CMGI                                   -                39,821

Deferred revenue                              -                    24

Obligation under capital lease,

less current portion                       628                   759

Long-term debt, less current portion          -                   266

Other long-term liabilities                 382                   396

       Total liabilities                87,067                98,128

Minority interest                         6,833                 6,755

Stockholders' equity:

    Common stock                         1,956                 1,965

    Additional paid-in capital       3,717,719             3,774,494

    Deferred compensation               (2,598)               (4,337)

    Accumulated other

     comprehensive income                  399                   558

    Accumulated deficit             (3,702,867)           (3,744,726)

       Total stockholders' equity       14,609                27,954

       Total liabilities and

        stockholders' equity         $ 108,509             $ 132,837

                            Engage, Inc.

                   Consolidated Operating Results

                             (Unaudited)

                (In thousands, except per share data)

                                      Three months ended

                       October 31,         July 31,         October 31,

                           2001              2001              2000

Revenue                   $ 6,658          $ 9,057            $ 13,410

Cost of revenue             4,679            4,945               5,395

Amortization of

developed technology       1,458            1,458                 784

      Total cost

       of revenue          6,137            6,403               6,179

      Gross profit           521            2,654               7,231

Operating expenses:

    In-process research

      and development          -                -                 700

    Research and

     development           2,419            3,003               2,536

    Selling and

     marketing             3,264            5,933              15,344

    General and

     administrative        2,636            3,181               4,535

    Amortization and

     impairment of

     goodwill and

     other intangibles     5,866          127,963              10,724

    Restructuring costs      975               80                 859

    Stock compensation       362              672                 355

      Total operating

       expenses           15,522          140,832              35,053

      Operating loss     (15,001)        (138,178)            (27,822)

Other income (expense):

    Interest income          243              497               1,897

    Interest expense        (406)             (22)                (27)

    Minority interest         93              218                 343

    Other expense            161              (30)                (42)

Loss from continuing

operations               (14,910)        (137,515)            (25,651)

Discontinued operations:

 Loss from discontinued

  operations                   -         (176,764)           (148,166)

 Loss from disposal

  of discontinued

  operations                   -          (16,707)                  -

Net loss                $ (14,910)      $ (330,986)         $ (173,817)

Basic and diluted net

loss per share data:

Continuing operations     $ (0.08)         $ (0.70)            $ (0.14)

Discontinued operations         -            (0.90)              (0.78)

Disposal of

discontinued operations        -            (0.08)                  -

Basic and diluted net

loss per share           $ (0.08)         $ (1.68)            $ (0.92)

Weighted average

number of basic

and diluted shares

outstanding              196,615          196,642             188,739


CONTACT:          Engage, Inc., Andover

                 Kimberly Robinson, 978/684-3127

                 krobinson@engage.com

                 or

                 (Investor Relations)

                 Morgen-Walke Associates, New York

                 Meredith Pudalov/Melissa Jaffin

                 212/850-5600



URL:              www.businesswire.com

Today's News On The Net - Business Wire's full file on the Internet

with Hyperlinks to your home page.


Copyright (C) 2001 Business Wire.  All rights reserved.





KEYWORD:          MASSACHUSETTS

INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS

                 SOFTWARE

                 EARNINGS

                 SOURCE:

                 Engage,

                 Inc.



NaviSite Announces First Fiscal Quarter 2002 Results Company Significantly Strengthens Financial Position Through Funding and Lease Restructuring  


ANDOVER, Mass., Dec 10, 2001 (BUSINESS WIRE) -- NaviSite, Inc. (Nasdaq: NAVI),
a leading managed services provider, and a majority-owned operating company of
CMGI, Inc. (Nasdaq: CMGI), today announced its first fiscal quarter results for
the quarter ended October 31, 2001.

Revenue for the fiscal 2002 first quarter was $19.3 million, exceeding guidance
by 7%, compared to revenue of $22.8 million for the fiscal 2001 fourth quarter.
Net loss for the fiscal 2002 first quarter was $44.3 million, or ($.71) per
share. This amount included asset impairment charges of $27.4 million or ($.44)
per share related to NaviSite's financing agreement with Compaq Financial
Services and other lease buyout arrangements. Without this charge, NaviSite's
pro forma net loss would have been $17.0 million or ($.27) per share. Net loss
for the fourth quarter of fiscal 2001 was $38.7 million, or ($0.57) per share.

Without the asset impairment charge in Q1 and restructuring charge in Q4, pro
forma EBITDA loss for the fiscal 2002 first quarter would have been
approximately $8.1 million, or a decrease of $14.6 million from the pro forma
fiscal 2001 fourth quarter. With the charges, EBITDA losses increased to $35.4
million in the fiscal 2002 first quarter from $32.6 million in the fiscal 2001
fourth quarter.

"NaviSite is in a significantly different, stronger financial position than we
were at the end of last quarter, thanks to our new financing arrangement with
Compaq Financial Services and CMGI," commented Tricia Gilligan, president and
CEO of NaviSite, Inc. "Going forward, we are laser focused on further
strengthening our financials, extending our commitment to operational excellence
and laying the groundwork for healthy growth going forward. We believe that
success in these areas will position NaviSite to take the leadership role in the
managed services industry."

In November 2001, NaviSite completed a restructuring of certain operating lease
obligations with Compaq Financial Services whereby NaviSite purchased the assets
under lease in exchange for a six-year $35 million convertible note. In
conjunction with the restructuring, NaviSite also received $20 million and $10
million in funding from Compaq Financial Services and CMGI, respectively, in
exchange for a six-year convertible note. Under the convertible notes interest
is payable in years one through three and interest and principal is paid in
years four through six. Issuance of the shares pursuant to the conversion of the
notes is subject to the Company's stockholder approval.

The combination of this financing arrangement and NaviSite's improved cost
structure, which resulted from the lease restructuring and right-sizing of
operations, is expected to enable the company to accelerate EBITDA breakeven.
NaviSite has lowered its target for turning EBITDA positive to approximately $27
million quarterly revenue run rate from initial projections of approximately $44
million quarterly revenue run rate.

At October 31, 2001 NaviSite had $12.2 million in available cash, excluding $4.4
million in restricted cash. NaviSite's closing cash balance at December 10, 2001
is approximately $39 million in available cash, including $20 million and $10
million in funding received in November, from Compaq and CMGI, respectively.



   Major developments related to the Company include:

-- $65 million in financing from Compaq Financial Services and CMGI, which
includes $30 million in cash and $35 million in restructured lease obligations,
fundamentally improves both the Company's cash position and cost structure;



   -- Restructured outstanding lease obligations with Compaq;

-- Restructured certain other outstanding obligations through a lease-buyout
arrangement;

-- Added five new managed services customers, primarily in the enterprise space,
and eight new streaming customers; churn for the quarter was a total of 77
customers, approximately 90% of which were unproductive accounts proactively
managed out of the base;

-- Launched Operational Metrics campaign through which NaviSite becomes the
first company in the managed hosting industry to openly publish its operational
metrics;

-- Announced Security Healthcheck and VPN services geared toward
security-conscious enterprise customers; and

-- Generated 70% of revenue in fiscal Q1 2002 from non-CMGI related companies
and increased average annualized revenue per customer to $356,000 in Q1 from
$322,000 in Q4.



   Business Outlook For Second Quarter Fiscal 2002:

Management's current estimates for the Company's business in the second fiscal
quarter of 2002 are, exclusive of impairment and restructuring costs, as
follows:



   -- Revenue of approximately $14.5 million to $15.5 million;

   -- Gross margin of negative 30% to negative 35%;

-- EBITDA loss in the range of approximately $11 to $13 million; and



   -- Loss per share between negative $0.30 and negative $0.35.

In conjunction with this release, NaviSite will host a conference call and
simultaneous Web cast today at 5:30 pm EST. The call can be accessed via the
investor section of NaviSite's corporate Web site at www.navisite.com.



   About NaviSite, Inc.

NaviSite, Inc., is a provider of outsourced Web hosting and managed application
services for companies conducting mission-critical business on the Internet,
including enterprises and other businesses deploying Internet applications. The
Company's goal is to help customers focus on their core competencies by
outsourcing the management and hosting of their Web operations and applications,
allowing customers to fundamentally improve the ROI of their web operations.
NaviSite is a majority-owned operating company of CMGI, Inc.

NaviSite's SiteHarbor(R) solutions provide secure, reliable, co-location and
high-performance hosting services, including high-performance Internet access,
and high-availability server management solutions through load balancing,
clustering, mirroring and storage services. In addition, NaviSite's enhanced
management services, beyond basic co-location and hosting, are designed to meet
the expanding needs of businesses as their Web sites and Internet applications
become more complex and as their needs for outsourcing all aspects of their
online businesses intensify. The Company's application services, which include
application hosting, management and rental, provide cost-effective access to, as
well as rapid deployment and reliable operation of, business-critical
applications, including managed services for streaming media.

For more information about NaviSite, please visit www.navisite.com or by phone
on the East Coast call 888-298-8222, on the West Coast call 888-929-0401.
NaviSite is headquartered at 400 Minuteman Road, Andover, MA 01810.

This release contains forward-looking statements which address a variety of
subjects including, for example, expectations of cash usage and of revenue,
gross margin, operating loss, depreciation and amortization, and loss per share
for the second quarter of fiscal 2002. The following important factors and
uncertainties, among others, could cause actual results to differ materially
from those described in these forward-looking statements: The transactions with
Compaq Financial Services may not provide the expected benefits to NaviSite:
NaviSite may be unable to obtain additional cash funding or to obtain such
funding on acceptable terms; NaviSite may lose customers because of its current
financial condition and its results of operations may be adversely affected;
NaviSite may experience difficulties integrating technologies, operations and
personnel of acquisitions; domestic demand for NaviSite's products and services
in the enterprise and other sectors may not grow as fast as expected and
international demand and/or business model may not materialize; increased
competition and technological changes in the markets in which NaviSite competes;
possible failure of new and existing internal and external products and systems
or internal infrastructure, streamOS and/or CDNs; and cost cutting and margin
improvement efforts may not have their intended result. Statements in this press
release that state NaviSite's or management's intentions, plans, expectations or
predictions of future events, are forward-looking statements. Actual results may
differ materially due to a number of risks, including changes in a number of
competitive market factors, changes in or an inability to execute NaviSite's
business strategy, unanticipated changes in the hosting industry, the economy in
general and changes in the use of the Internet. NaviSite cannot guarantee future
results, levels of activity, performance or achievements. The numbers discussed
in this press release also involve risks and uncertainties. For a detailed
discussion of these and other cautionary statements, please refer to the filings
made by each of NaviSite and CMGI with the Securities and Exchange Commission,
including, without limitation, the most recent Quarterly Report on Form 10-Q of
NaviSite and the Annual Report on Form 10-K of NaviSite for the most recently
ended fiscal year. The forward-looking statements and numbers contained herein
represent the judgment of NaviSite, as of the date of this release, and NaviSite
disclaims any intent or obligation to update such forward-looking statements to
reflect any change in NaviSite expectations with regard thereto or any change in
events, conditions, circumstances on which such statements are based.

(1) EBITDA is defined as earnings before interest, taxes, depreciation and
amortization. EBITDA is not adjusted for all noncash expenses or for working
capital, capital expenditures or other investment requirements and, accordingly,
is not necessarily indicative of amounts that may be available for discretionary
uses. Thus, EBITDA should not be considered in isolation or as a substitute for
net earnings or cash provided by operating activities, each prepared in
accordance with generally accepted accounting principles, when measuring
NaviSite's profitability or liquidity.

SiteHarbor is a registered trademark of NaviSite, Inc. All other trademarks and
registered trademarks are the property of their respective owners.



                           NAVISITE, INC.

                     CONSOLIDATED BALANCE SHEETS

                (In thousands, except per share data)

                             (Unaudited)

                                    October 31,            July 31,

                                       2001                  2000

Assets:

Current Assets:

  Cash and cash equivalents          $ 12,221              $22,214

  Accounts receivable, net             14,941               15,295

  Prepaid expenses and other assets     2,212                2,184

Total current assets                    29,374               39,693

Property and equipment, net             68,645               63,410

Restricted Cash                          4,449                5,051

Other assets                             4,506                4,112

Total assets                         $ 106,974             $112,266

Liabilities and Stockholders' (Deficit) /Equity:

Current liabilities                   $ 52,406              $53,651

Other liabilities                      105,849               69,852

Stockholders' (Deficit) / Equity:

  Capital stock                       208,704              208,683

  Accumulated deficit                (259,985)            (219,920)

Total stockholders'

(deficit) / equity                    (51,281)             (11,237)

Total liabilities and stockholders'

deficit / equity                    $ 106,974             $112,266

                           NAVISITE, INC.

                CONSOLIDATED STATEMENTS OF OPERATIONS

                (In thousands, except per share data)

                             (Unaudited)

                                          Three months ended

                                              October 31

                                      2001                   2000

Revenue:

Revenue                              $ 13,483             $ 15,017

Revenue, related  parties               5,796               11,038

         Total revenue                19,279               26,055

Cost of revenue                        21,377               32,057

Impairment of long-lived assets        27,359                  -

Gross profit (loss)                   (29,457)              (6,002)

Operating Expenses:

Product development                     1,977                2,896

Selling and marketing                   2,636                8,129

General and administrative              6,835                5,963

         Total operating expenses     11,448               16,988

Loss from operations                  (40,905)             (22,990)

Other                                  (3,435)                 (75)

Loss before cumulative effect        $ (44,340)          $ (23,065)

Cumulative effect of SAB 101               -                (4,295)

Net loss                             $ (44,340)          $ (27,360)

Basic and diluted net loss per common share

  Before cumulative

   effect of SAB 101                   ($0.71)             ($0.39)

  Cumulative effect of SAB 101          $0.00               (0.07)

Basic and diluted net

loss per common share                  ($0.71)             ($0.47)

Basic and diluted weighted

average number of common

shares outstanding                     62,073              58,535

Pro forma basic and diluted

net loss per common share(1)          $ (0.50)

Pro forma basic and diluted weighted

average number of of common

shares outstanding                     86,431

  (1) The unaudited pro forma basic and diluted loss per share

information included in the accompanying statement of operations

reflects the impact of the conversion of debt to CMGI and the $80m

Note payable to CMGI as of the later of the issuance of the

convertible security or the beginning of each period, using the

if-converted method.


CONTACT:          NaviSite, Inc.

                 Brenda Suarez

                 978-946-8673

                 or

                 Greenough Communications

                 Kerry Bard

                 617-275-6540



URL:              www.businesswire.com

Today's News On The Net - Business Wire's full file on the Internet

with Hyperlinks to your home page.


Copyright (C) 2001 Business Wire.  All rights reserved.





KEYWORD:          MASSACHUSETTS

INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS

                 HARDWARE

                 INTERNET

                 NETWORKING

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Sollte man die heutigen Gewinne mitnehmen, bevor es den Anlegern einfällt,
dass sie nur Bullshit in den Händen halten(Delisting).

Nowonder

CMGI liefert heute nach Börsenschluss in den USA selber Quartis ab.
Erwartet wird ein Umsatzrückgang zum Vorjahr um 10 Prozent oder 1,11 Milliarden Dollar.
Der Verlust soll unter dem des ersten Quartals liegen, wo 104,5 Millionen Dollar Verlust ausgewiesen wurden.

Ich würde mal aufgrund der heutigen Dramatik, welche uns noch beschäftigen wird sagen:

Ein Wert für Spekulanten, welche auch wirklich wissen, was sie machen.

hab ich keine Ahnung was ich da mache. Habe mich bis gestern
wenig mit CMGI beschäftigt. Hatte nur in Erfahrung bringen
können, dass die beiden CMGI Töchter Quartalszahlen
herausbringen werden und deshalb den Zock riskiert.

Werde erst einmal einen Teil der Gewinne mitnehmen.
Ansonsten lass ich es drauf ankommen.

Weißt näheres über BVSN und dem mögl überschreiten des Break-Eaven?
Der Wert ist unglaublich, habe in den letzten Monaten fast
ausschlißlich mit der Aktie gezockt.

Nowonder

BVSN profitieren nach wie vor von den letzten Earnings und den damit verbundenen Aussichten bald wieder in die Gewinnzone zu kommen.
Dabei half natürlich die Wiedergeburt der B2B-Werte überhaupt.
Waren ja auch ziemlich unten, was?
Außerdem gab es positive Meldungen, was bei BVSN die Auftragseingänge berifft.
Gewinnschwelle, na ja, allein mir fehlt der Glaube.
Die Taufe haben die noch nicht bestanden.
Habe auch paar Prozente abgefasst, aber bei weitem die da gewesenen Chancen unterschätzt.
Nach diesem Kursanstiegen müssen erstmal Fakten her.

Ich bin überzeugt, dass BVSN die Gewinnschwelle überschreitet(ist
ja nach US-GAP Bilanzierung nicht allzu schwierig). Dafür sprechen
zumindest die Auftragseingänge in der letzten Zeit(US-Airforce usw).

Vielleicht fehlt mir ja die nötige Distanz(habe mich vollends auf
ARBA, BVSN, SEBL, AMZN und PSFT fixiert). Deshalb bin ich froh über jede
kritische Anmerkung.

Wie auch immer BVSN und CMGI lass ich heute laufen. Im moment gehen
sie vorbörslich durch die Decke.

PS Das Break-Eaven bezog sich auf das laufende Quartal.