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

To: Jenne who wrote (10814)	6/24/1999 11:20:00 AM
From: Spark	Respond to of 19700

CMGI in Preliminary Discussions With Compaq Business Wire - June 24, 1999 08:46 ANDOVER, Mass.--(BUSINESS WIRE)--June 24, 1999--CMGI (Nasdaq:CMGI) announces that it is in preliminary discussions with respect to a possible acquisition of a controlling interest in Web portal and search engine AltaVista Company and the establishment of a strategic relationship with Compaq Computer Corporation (NYSE:CPQ). The discussions are in a preliminary stage and there can be no assurance that a transaction will be consummated. CMGI does not plan to make any further public announcements with respect to this possible transaction unless and until a definitive agreement is reached. About CMGI A recognized leader in the Internet economy, CMGI (Nasdaq:CMGI) has built a substantial base of Internet operating companies and, through its @Ventures affiliate, has taken strategic positions in a growing series of synergistic Internet enterprises which enhance the value of its core holdings. This unique method of generating equity for its shareholders is what CMGI calls "creating net value." Microsoft, Intel and Sumitomo hold minority positions in CMGI. CMGI's majority-owned subsidiaries include Activerse, Adsmart, Engage, iCast, Magnitude Network, NaviSite, NaviNet, Planet Direct and ZineZone. The Company's @Ventures affiliates have ownership interests in Lycos, Inc. (Nasdaq:LCOS), Critical Path (Nasdaq:CPTH), Silknet (Nasdaq:SILK), Ancestry.com, Asimba, blaxxun, BizBuyer.com, CarParts.com, Chemdex, eCircles.com, Furniture.com, HotLinks, KOZ.com, MotherNature.com, NextMonet.com, NextPlanetOver.com, OneCore.com, ONElist, Productopia, Promedix.com, Raging Bull, Softway Systems, Speech Machines, ThingWorld.com, Universal Learning Technology, Vicinity, Virtual Ink and Visto. CMGI is also the majority-owner of SalesLink, InSolutions and On-Demand Solutions, leaders in the direct marketing, fulfillment and turnkey arenas. CMGI Corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. Fax: 978-684-3814. Additional information is available on the company's Web site cmgi.com. CONTACT: CMGI Krista Thomas 978/684-3141 kthomas@cmgi.com