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Microcap & Penny Stocks : Rat dog micro-cap picks...

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To: Bucky Katt who wrote (10664)	2/19/2003 2:22:48 PM
From: paret	Read Replies (3) of 48461

Overture snaps up Alta Vista for just $140m By Ben Hunt FINANCIAL TIMES--February 19 2003 8:52 The dramatic collapse in the value of internet companies was highlighted once more by Overture's $140m acquisition of Alta Vista, one of the pioneers of web search and once one of the world's most coveted online companies. Alta Vista's struggling parent CMGI, the Massachusetts-based technology group, has sold one of its crown jewels for just a fraction of the $2.3bn it paid to Compaq in 1999, when it took an 83 per cent stake in Alta Vista. Overture, which calls itself "the world's leader in Pay-For-Performance search", allows advertisers to bid for well-placed spots among web search results on sites such as Yahoo! and MSN. Pasadena-based Overture said it intended to enhance its own products with AltaVista's algorithmic search technology, and would use the famous Alta Vista portal as a test site for new services and products. Overture, which is to pay $60m in cash and $80m in shares for Alta Vista, said the acquisition would be dilutive to earnings in the short term.

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