We continue to aggressively restructure the operations of our core holdings and have taken several key steps to improve the prospects of these businesses.
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.
Substantial progress has been made on refining our business model, but there is still more work to be done.
We are contemplating seriously a way of taking @Ventures public, ... That might provide another vehicle for investors to participate in the funds.
Online auctions, both B2C (business-to-consumer) and B2B, are one of the fastest-growing areas of the 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.
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.
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.
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.
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