Compaq Message Board - Msg: 10376658

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Technology Stocks : Compaq

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To: Chris who wrote (64604)	7/3/1999 8:22:00 PM
From: Chris	Read Replies (2) of 97611

Well, I must be the only one home this holiday weekend, or else I'm not seeing new posts on the beta site. Anyway, I believe someone asked if the CPQ/AV/CMGI deal was for a fixed sum or a specific amount of stock. The following is an excerpt from a Hambrecht & Quist report: Company: CMGI Information Services, Inc. Price: 110.31 Recommendation: Buy Notes: a Date: 6/30/99 1 of 2 Portal Power Play: CMGi to Acquire AltaVista Attractive Valuation In the transaction, CMGi will acquire 83% of the AltaVista business from Compaq for 19 million shares of CMGi stock and a $220 million note payable in three years. CMGi will end up with approximately 17% of CMGi, and will become CMGi's largest outside investor. Both companies have also agreed to spend $50 million apiece to market AltaVista. The deal, which does not require shareholder approval, is expected to close within 30 to 60 days. What do you think this means for CPQ? Anyone CPQ shareholders thinking about buying CMGi? Chris

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