I'm confident that an emphasis on growth and profitability, supported by our new operating structure, will allow us to exit our next fiscal year having achieved a number of important goals.
David Wetherell
We are very proud of the significant progress made across our portfolio of businesses during this quarter and past year.
progress past proud made
We are contemplating seriously a way of taking @Ventures public,.. That might provide another vehicle for investors to participate in the funds.
public
If we do it, we'd probably elect to do it sooner than later,.. I'm not saying we're doing it, either. We're looking into it.
growth important structure confident goals
Substantial progress has been made on refining our business model, but there is still more work to be done
progress work business model made
We were extremely pleased that we exceeded our consolidated financial expectations for the third quarter and significantly reduced our operating cash usage,.. We expect that these trends will continue into fiscal 2002.
expectations cash trends
We continue to aggressively restructure the operations of our core holdings and have taken several key steps to improve the prospects of these businesses.
key
The single most important trend affecting ISPs over the coming years will be free Internet access, and no company is better positioned to benefit from that than CMGI
internet company free single important benefit
Online auctions, both B2C (business-to-consumer) and B2B, are one of the fastest-growing areas of the Internet
internet
Moving forward, we'll continue to evaluate each subsidiary company in line with our larger business goals to reach market leadership and profitability and if necessary, effect further mergers, consolidations or divestitures to accelerate the achievement of these goals
leadership business achievement moving market company forward effect goals
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