This may be close to bottoming. Had a long decline from a high of $2.60 on the first of June followed by a poor quarterly profit report. This last Fri it tried to touch within a nickle of it's previous support of $1.23. and closed up at 1.39 with a white candle with a long lower shadow on decent volume. Sto is below 20 and curling up. MACD hist is close to crossing up, PVO has turned up above zero.
http://stockcharts.com/h-sc/ui?s=CMG...d=p68579916140
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PR release about CMGI's subsidary, ModusLink........
ModusLink Expands Supply Chain Services to Universal Electronics
Thursday August 9, 4:30 pm ET
Additional Optimized Configuration Solution Services and Investment in Environmentally Controlled Production Area Reduce Turnaround Time by Up To 85 Percent as UEI Volume Grows
Full article:
http://biz.yahoo.com/bw/070809/20070809005954.html?.v=1
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About CMGI
CMGI, Inc. (NASDAQ: CMGI - News), through its subsidiary ModusLink, provides industry-leading global supply chain management services and solutions that help businesses market, sell and distribute their products around the world. In addition, CMGI's venture capital business, @Ventures, invests in a variety of technology ventures. For additional information, visit
www.cmgi.com.
About Universal Electronics Inc.
Founded in 1986, Universal Electronics Inc. (UEI) is the global leader in wireless control technology for the connected home. UEI designs, develops, and delivers innovative solutions that enable consumers to control entertainment devices, digital media, and home systems. The company's broad portfolio of patented technologies and database of infrared control software have been adopted by many Fortune 500 companies in the consumer electronics, subscription broadcast, and computing industries. UEI sells and licenses wireless control products through distributors and retailers under the One For All® brand name. UEI also delivers complete home control solutions in the professional custom installation market under the brand name Nevo®, as well as software solutions for digital media control and enjoyment in the consumer and OEM markets under the brand SimpleCenter(TM).
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