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

To: sunny who wrote (12550)	8/13/1999 6:15:00 AM
From: sunny	Read Replies (2) \| Respond to of 19700

Just found this on the "AltaVista dilution": Under the terms of a definitive agreement, Compaq will transfer 83.0 percent equity ownership in the AltaVista business to CMGI. Compaq will retain 17.0 percent equity ownership in the AltaVista business and hold a Board seat. In return, Compaq will receive 19.0 million CMGI common shares and CMGI preferred shares equivalent to 1.8 million CMGI common shares, which combined, would represent a 16.4 percent fully diluted equity stake in CMGI. In addition, CMGI will issue a $220 million three-year note to Compaq, bringing total consideration for CMGI's 83 percent ownership in the AltaVista business to approximately $2.3 billion, implying a total value of $2.7 billion for AltaVista. Source: biz.yahoo.com That means my estimate of approx. 21 million additional shares is right and the calculation is correct. regards sunny