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Technology Stocks : CMGI DSP Programs

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To: James Thompson who wrote ()	3/10/2000 8:37:00 AM
From: James Thompson	Read Replies (1) of 178

ANDOVER, Mass., March 9 (Reuters) - Internet venture firm CMGI Inc. (NASDAQ:CMGI) said on Thursday it expects an initial public offering of its AltaVista search engine to take place in early April due to "some administrative delays" with the Securities and Exchange Commission. The offering of AltaVista had been expected this month. CMGI has said in SEC filings that it plans to offer 14.8 million shares in the range of $18 to $20 apiece. The stock will be listed on the Nasdaq exchange under the symbol "ALTA." CMGI Chairman and Chief Executive David Wetherell also said on the firm's second quarter earnings conference call that CMGI's revenue will increase at a rate of 20 percent on a quarter-over-quarter basis through 2000. CMGI posted revenue of $153.4 million for its second quarter ended Jan. 31. Boston.newsroom@Reuters.com)) Copyright 2000, Reuters News Service

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