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Technology Stocks : CMGI DSP Programs

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To: James Thompson who wrote ()	12/20/1999 1:01:00 AM
From: James Thompson	Read Replies (1) of 178

CMGI spins off AltaVista with IPO Plus: News on Vignette, Microsoft, Media Metrix and Lycos By Amanda Tyler, CBS MarketWatch Last Update: 5:57 PM ET Dec 17, 1999 See: Net Stocks WASHINGTON (CBS.MW) -- CMGI plans to spin off Internet search engine AltaVista with a $300 million initial public offering, according to a regulatory filing released by the Securities and Exchange Commission Friday. CMGI (CMGI: news, msgs) holds 82 percent of the Palo Alto, Calif.-based company. According to the Form S-1, CMGI plans to use the proceeds for working capital, advertising and other general corporate purposes. See related story. Shares of CMGI closed down 9 3/4 at 211 13/16 on Friday.

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