Compaq Message Board - Msg: 15644608

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To: Elwood P. Dowd who wrote (90651)	4/10/2001 9:08:58 PM
From: Captain Jack	Read Replies (1) of 97611

A little news blurb-- meaningless but interesting.. B: Hasta La Vista to AltaVista? As CMGI's cash pile runs down, the company is likely to put its search engine and portal group up for sale. Apr 06, 2001 (The Industry Standard via COMTEX) -- Search engine and portal group AltaVista is being tipped as the next big online business to be put up for sale. Its parent, CMGI, was once a leading Internet investment company, but is now attempting to drag itself out of a financial hole. Speculation is rife among company insiders and investment bankers that CMGI is ready to accept an offer for AltaVista or a cash injection from a strategic partner. CMGI could certainly use the cash. Its Nasdaq-listed stock has dropped in value by 98 percent since the start of last year, and analysts are questioning whether the business can reach break-even before it runs out of funds. AltaVista is also looking for a handout - the downturn in online advertising spending has pushed profitability well beyond next year, and the group is changing its business model to concentrate more on the corporate market for search engines.

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