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

To: Millionairess who wrote (10857)	6/25/1999 12:01:00 AM
From: James Thompson	Respond to of 19700

A few highlights and links for CMGI/MSGI, etc. from my Schwab Daily Briefing. * CMGI has held talks with LYCOS about a possible acquisition of the Web portal, but discussions have recently stalled amid ill feelings between the chief executive officers of the two companies, the Wall Street Journal reported. CMGI is currently in talks to buy AltaVista from COMPAQ COMPUTER along with other assets for $2 billion to $3 billion in stock, according to the paper. The Journal said that though it couldn't be determined how far the merger talks proceeded, the companies foundered partly on the unwillingness of Lycos's CEO, Robert Davis, to work for his CMGI counterpart, David Wetherell. (Reuters 06:11 AM ET 06/24/99) For the full text story, see infobeat.com * A deal by CMGI INC to purchase the AltaVista internet search engine from troubled COMPAQ COMPUTER makes plenty of sense for CMGI, but less for Compaq, analysts said late Wednesday . "If you just look at it from a strategic standpoint, it's very much their style," said analyst Karen Ficker of ING Barings Furman Selz, speaking of CMGI, which has major stakes in numerous Internet firms. "Every business that they have ties into (an Internet) portal." For Compaq, such a deal could allow the firm to focus on fixing its struggling PC business. But selling AltaVista could also blow an opportunity for Compaq to generate e-commerce from its millions of PC customers, one analyst said. (Reuters 07:36 PM ET 06/23/99) For the full text story, see infobeat.com * COMPAQ COMPUTER confirmed that CMGI INC is considering taking a controlling stake in AltaVista Co., Compaq's popular Internet search engine and portal. Compaq also said it is in preliminary talks with the Internet investment firm regarding a strategic relationship to advance Compaq's Internet strategy. CMGI and its affiliates already own stakes in an array of Internet companies, including ZineZone, Lycos Inc. and Critical Path Inc. Compaq said the discussions are in a preliminary stage and there are no guarantees a deal will close. (Reuters 09:39 AM ET 06/24/99) For the full text story, see infobeat.com * National Securities Corp. said it plans to have fully operational by mid to late October an online trading system to compete in the rapidly evolving electronic brokerage arena. National Securities said it reached an agreement with Pegasus Internet, a subsidiary of MARKETING SERVICES GROUP INC, to develop the online infrastructure for the system. The Pegasus system will allow National Securities' clients to buy and sell stocks, mutual funds and options and to accept all types of orders, including market, stop, limit, stop-limit, good-till-cancel and all-or-none. National Securities is a wholly owned subsidiary of OLYMPIC CASCADE FINANCIAL CORP. (Reuters 09:45 AM ET 06/24/99) For the full text story, see infobeat.com Jim