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To: S.A. Smith who wrote (10805)	6/24/1999 9:27:00 AM
From: Jenne	Respond to of 19700

Compaq confirms CMGI talks Companies discussing the sale of Compaq's Web properties to CMGI. If approved, the deal could be announced today. By Michael Fitzgerald, ZDNN June 24, 1999 5:58 AM PT Compaq Computer Corp. has confirmed that it is in talks with CMGI about the sale of its Web properties. A source close to the deal said both CMGI (Nasdaq:CMGI) and Compaq (NYSE:CPQ) were holding board meetings today to discuss the deal. If they approve it, it could be announced today. Add your comments to the bottom of this page. Compaq today issued a statement regarding the talks but officials would not comment beyond the press release. Wide implications If the deal does occur, it has wider implications than just these two companies. For instance, AltaVista's advertising is handled by DoubleClick. But CMGI owns AdSmart, and that company would be very likely to replace DoubleClick when its current contract with AltaVista runs out. The implications for DoubleClick are significant, since AltaVista provides a significant portion of its revenues. MORE FROM ZDNET: AltaVista opportunity slipping away? CMGI sets its sights on AltaVista Hasta La Vista, AltaVista! Another company that could be hurt is LookSmart. LookSmart provides category-based searches for AltaVista, but CMGI owns Planet Direct, which offers a similar product and would ultimately be likely to replace LookSmart. CMGI would almost certainly replace current AltaVista head Rod Schrock, the source said. The replacement would probably be someone internal, he said, noting that "CMGI has hired a lot of Internet talent." The source said that buying AltaVista would not kill any CMGI deal to buy Lycos Inc. Reports today said that talks between those two companies have stalled because of conflcits between the two CEOs. ZDNN's Margaret Kane contributed to this story.