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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 (11119)6/29/1999 7:14:00 PM
From: Larry Zenith  Respond to of 19700
 
CPQ speaks:We are not selling AltaVista.

What we are doing is trading 100% ownership of one Internet company for a significant ownership in a portfolio of over 40 Internet companies that really is part of our Internet strategy. It greatly broadens our reach and breadth in the Internet area.

Yes, that is really a good way to interpret this event from CPQ's point of view while all others are mentioning SALE of AV. CPQ has showed its inability of capitalizing on AV, so why not let CMGI do its magic, while CPQ remains the biggest outside shareholder of CMGI?

It is really a good ideal for both companies.

Larry