Short Take: CMG Information Services reaches all-time high

Shares in CMG Information Services jumped 20 percent to a new high of $92 per share with no apparent impetus. Heavyweights Intel and Microsoft both own about 5 percent of the direct marketing service provider, which owns a significant stake in both Lycos and GeoCities, among several other Internet firms. CMG's market capitalization now stands at about $809.3 million, but many analysts believe the company's stock is undervalued.

April 13, 1998 5:20 p.m. PT

Shares in jumped 20 percent to a new high of $92 per share with no apparent impetus. Heavyweights Intel and Microsoft both own about 5 percent of the direct marketing service provider, which owns a significant stake in both Lycos and GeoCities, among several other Internet firms. CMG's market capitalization now stands at about $809.3 million, but many analysts believe the company's stock is undervalued.