SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : AltaVista Company (ALTA)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: fut_trade who wrote (79)9/23/2000 9:37:14 AM
From: Glenn Petersen   of 110
 
CMGI certainly missed the window for ALTA. The original news report was inaccurate, the target date for the IPO is actually the first quarter of 2001.

CMGI to take AltaVista public by end Q1 2001

In BOSTON story headlined "CMGI to take AltaVista public by end of October" please read in headline and throughout CMGI intends to take AltaVista public by the end of the first quarter of 2001. (Correcting time element.)

A corrected story follows.

BOSTON, Sept 21 (Reuters) - CMGI Inc. <CMGI.O>, 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 the first quarter of 2001.

CMGI Inc Chairman David Wetherell said the first quarter of 2001 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.

AltaVista, which was developed by the now-defunct Digital Equipment Corp., on Wednesday started AltaVista 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.

19:26 09-21-00
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News