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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: S.C. Barnard who wrote (10673)	6/22/1999 9:21:00 PM
From: Jenne	Respond to of 19700

You hit it..!

To: S.C. Barnard who wrote (10673)	6/22/1999 9:31:00 PM
From: Brian Malloy	Read Replies (1) \| Respond to of 19700

It would appear to be about as true as one of these stories can be until the main players say it is to the media. From the NYT June 22, 1999 Compaq Shares Rise Amid Reports -------------------------------------------------------------------------------- A.P. INDEXES: TOP STORIES \| NEWS \| SPORTS \| BUSINESS \| TECHNOLOGY \| ENTERTAINMENT -------------------------------------------------------------------------------- Filed at 7:47 p.m. EDT By The Associated Press NEW YORK (AP) -- Shares of Compaq Computer Corp. soared nearly 8 percent Tuesday amid reports that it was planning to sell some of its properties -- including the AltaVista search engine -- to Internet investment company CMGI Inc. Rumors began sifting through the market that Compaq was considering such a sale, pushing shares up, financial journalist Dan Dorfman reported on JagNotes, an investment Web site. Compaq was the most actively traded stock on the New York Stock Exchange with nearly 29 million shares exchanging hands. It finished up $1.68 3/4 to $23.81 1/4. After the market had closed, the financial news cable network CNBC also reported that CMGI and Compaq were discussing the sale of a number of assets, including AltaVista. Compaq shares have been struggling in recent weeks, trading barely above their 52-week low of $20 and well off their high of $51.25. Compaq, the largest computer maker in the world, warned last week it will report a big loss this quarter and lay off thousands of employees, the latest in a series of bad news for the Houston-based company. On April 9, the company disclosed that its first-quarter profits would be half of what Wall Street expected. That news was followed quickly by the ouster of its chief executive Eckhard Pfeiffer and the departure of a half-dozen other top managers. Officials for the Andover, Mass.-based CMGI and Compaq did not immediately return phone calls seeking comment.