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CMGI

(CMGI)

was down 16.8% in preopen

Island

trading. After the close Tuesday, the Internet holding company met diminished expectations for its second quarter but posted a $2 billion charge related to acquisitions that pushed its loss to $7.86 per share. The company lost 74 cents in the year-earlier period. CMGI also warned of slowing sales in the third quarter and said it is considering the sale of several units to help it become profitable.

Navisite

(NAVI)

, a publicly traded subsidiary of CMGI, was up 18.3% preopen. CMGI said it has hired

Goldman Sachs

to explore a possible sale of the Web hosting company. Another CMGI unit,

Engage

(ENGA)

, was down 12.5%. Click

here for the full story.