Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: PCSS who wrote (67991)	9/27/1999 8:04:00 PM
From: Elwood P. Dowd	Respond to of 97611

Michael.... here's a little hot off the presses positive news. El Monday September 27, 7:38 pm Eastern Time Mexico's Telmex to sell Compaq computers MEXICO CITY, Sept 27 (Reuters) - Mexican telecommunications giant Telefonos de Mexico (Telmex) (NYSE:TMX - news) will soon offer Compaq computers under a successful installment-payment deal to Internet clients, a company official said on Monday. The official, asking not to be identified, told Reuters the deal with Compaq Computer Corp. (NYSE:CPQ - news) would expand the choices available to clients, who up till now have only been able to get Acer computers through the payment package. The installment offer took off like a storm when it was launched in June, and orders were running at more than 1,000 a day at the end of August. The package included two years of Internet access through Telmex's Prodigy Internet Plus and an Acer computer for a monthly payment of around $53 and a down payment of around $122. Industry sources, asking not to be identified, said expanding the offer to Compaq computers might have become necessary because of the high demand which Acer may not have been able to match. Acer Mexico general director Juan Luis Tron dismissed the speculation about supply problems. ''Demand is very good, higher than expected, but there haven't been any problems (with supply),'' said Tron. Telmex and related firm, telecommunications holding company Carso Global Telecom, are the main shareholders of U.S. Internet Prodigy Communications Corp (NasdaqNM:PRGY - news). Telmex estimates Mexico has about one million Internet users on 400,000 accounts, of which 210,000 are with Telmex. Mexico's population is close to 100 million. More Quotes and News: Compaq Computer Corp (NYSE:CPQ - news) Prodigy Communications Corp (NasdaqNM:PRGY - news) Telefonos de Mexico SA de CV (NYSE:TMX - news) Help Copyright © 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information.

To: PCSS who wrote (67991)	9/27/1999 8:40:00 PM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

CMGI: AltaVista to file for IPO By Bloomberg News Special to CNET News.com September 27, 1999, 4:15 p.m. PT ANDOVER, Massachusetts--Internet venture fund CMGI said it expects Web search service AltaVista to go public in January, less than six months after CMGI bought a majority stake in the service from Compaq Computer. AltaVista will file for an initial public offering after CMGI's fiscal first quarter, which ends October 31, CMGI chairman David Wetherell said on a conference call. CMGI completed its $2.3 billion purchase of a majority stake in AltaVista in August. Andover, Massachusetts-based CMGI invests in Internet and software companies through several funds with the goal of taking them public or selling them for a large gain to other investors. Before its sale to CMGI, Compaq had plans to take the search service public as a way to profit from the Internet boom. Shares of CMGI rose 8.31 to 93.13. The company made the AltaVista announcement and reported its fiscal fourth-quarter earnings after the close of U.S. markets. In addition, CMGI said it will create four new venture funds, including one in Europe and one in Asia, so that it can invest in more technology companies. CMGI will work with partners in Asia and Europe to create funds there, Wetherell said. The company will create a third fund for investing in e-commerce companies and a fourth to invest in other Internet start-ups, he added. Copyright 1999, Bloomberg L.P. All Rights Reserved. FREE Newsletter sample >