CMGI to take AltaVista public by end of October
BOSTON, Sept 21 (Reuters) - CMGI Inc. (NasdaqNM:CMGI - news),
whose investments and operations span 70 Internet companies, told
analysts on Thursday it plans to take the AltaVista search engine
public by the end of October.
CMGI Inc Chairman David Wetherell said the fiscal first quarter ending Oct. 31 was ``optimal timing'' to
take Palo Alto, Calif.-based AltaVista public as the Web site concentrates on being a search engine for
consumers and large corporations.
The Palo Alto, Ca.-based AltaVista Co, which was developed by the now-defunct Digital Equipment
Corp., on Wednesday started Alta Vista Denmark, an Internet search service as part of its plans to
establish 35 country-specific search sites in the next 10 months.
AltaVista, which is about 82-percent owned by CMGI, said last Friday that it reduced its work force by
25 percent as part of a restructuring aimed at attaining profitability.
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