FWIW, Alta Vista news:
ALTAVISTA COMPLETES ACQUISITION OF RAGING BULL RAGING BULL BRINGS
WORLD-CLASS FINANCE AND COMMUNITY BUILDING EXPERTISE TO ALTAVISTA
Network
PALO ALTO, Calif., Feb 3, 2000 /PRNewswire via COMTEX/ -- AltaVista
Company, the premier new media and commerce network at
www.altavista.com, and a majority-owned operating company of CMGI, Inc.
(Nasdaq: CMGI), today announced its acquisition completion of Raging
Bull, a leading innovative investor and financial community at
www.ragingbull.com. AltaVista has acquired Raging Bull through a
stock-for-stock exchange of the privately held shares of each company.
No other terms of the agreement were disclosed.
Raging Bull will become the flagship AltaVista finance center as well
as build community and message boards across the AltaVista Network,
bringing its more than three million unique users to AltaVista. Daily
page views reported in January on Raging Bull have doubled to more than
12 million since November, based on company data. In December, more
than 47 million unique users worldwide visited AltaVista. Combining
traffic data is expected to increase AltaVista to more than 50 million
monthly visitors with daily page views at 75 million.
"Raging Bull commands one of the most loyal communities on the Internet
and some of the best financial content and investor insight available
anywhere," said Rod Schrock, president and CEO of AltaVista Company.
"With the world-class talent and Raging Bull brand on our team, the
AltaVista Network is now in a strong position to create the premier
finance destination on the Internet."
Considered a leader in online community, Raging Bull will contribute to
AltaVista's strategy in building community and "stickiness" across the
AltaVista Network. Raging Bull will remain a native Internet address at
www.ragingbull.com and can also be accessed throughout the AltaVista
Network.
Media Metrix recently ranked Raging Bull one of the top-ten news,
information and entertainment sites based on how often its users visit
the site and how much time they spend on the site. Users spend an
average of more than 20 minutes per visit, according to I/PRO audited
numbers.
"Raging Bull and AltaVista share a commitment to provide a world-class
user experience for financial content, community and discussion on the
Internet," said Stephen Killeen, president and CEO of Raging Bull. "By
combining Raging Bull's strength as a trusted community resource for
financial information with AltaVista's powerful brand and global reach,
we are poised to create the premier destination for people who are
passionate about personal finance."
The Raging Bull community has doubled in size since April and now
boasts more than 425,000 registered members and nearly eight million
posts on more than 15,000 dynamic message boards.
About Raging Bull Raging Bull ( ragingbull.com ) is one of
the companies leading the investor revolution by providing individual
investors with access to the discussions and information previously
reserved for investing professionals. Raging Bull levels the investing
playing field by providing free real-time stock quotes, news, original
editorial and more than 15,000 dynamic discussion boards. Recently
cited by Media Metrix as the second "stickiest" financial site used at
work and third "stickiest" financial site used at home and selected as
one of Forbes Magazine's "Best on the Web," Raging Bull has grown to a
community of more than 425,000 registered members who rely on the site
for the information they need before making an investing decision.
Raging Bull is a wholly owned subsidiary of AltaVista Company.
About AltaVista Company AltaVista Company is the premier media and
commerce network offering Internet users up-to-the-minute news, live
video, content, search and shopping resources. The company integrates
unique technology, products and services to deliver relevant results
faster for both individuals and businesses. AltaVista is building on
its heritage of technology and innovative leadership, offering
informative services including AltaVista Search, AltaVista Live!,
AltaVista Shopping.com, and AltaVista Free Internet Access combined
with the microportal. AltaVista is a majority-owned operating company
of CMGI, Inc., Andover, Mass. AltaVista is headquartered in Palo Alto,
Calif.
About CMGI With more than 60 companies, CMGI, Inc. represents the
largest, most diverse network of Internet companies in the world. This
network includes both CMGI operating companies and a growing number of
synergistic investments through its venture capital affiliate,
@Ventures. CMGI leverages the technologies, content and market reach of
its extended family of companies to foster rapid growth and industry
leadership across its network, and the larger Internet Economy. Compaq,
Intel, Microsoft, Pacific Century CyberWorks and Sumitomo hold minority
positions in CMGI.
NOTE: AltaVista is registered with the U.S. Patent and Trademark
Office. Shopping.com, Smart is Beautiful, AltaVista Free Access and
Raging Bull are trademarks of AltaVista Company or its affiliates.
Product names mentioned herein may be trademarks and/or registered
trademarks of their respective companies.
This release contains forward-looking statements based on current
expectations or beliefs, as well as a number of assumptions about
future events, and these statements are subject to important factors
and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The
forward-looking statements in this release address a variety of
subjects including, for example, the expected benefits resulting from
AltaVista's acquisition of Raging Bull and the ability of Raging Bull
to become the premier finance destination on the Internet. The
following factors, among others, could cause actual results to differ
materially from those described in these forward-looking statements:
the risk that Raging Bull is not successfully integrated with
AltaVista, slower than expected growth in Internet usage for personal
finance; the timely development of new finance and community building
products and services; and increased competition and technological
changes in the industries in which AltaVista and Raging Bull compete.
For a detailed discussion of these and other cautionary statements,
please refer to CMGI's filings with the Securities and Exchange
Commission, including CMGI's Annual Report on Form 10-K for the most
recently ended fiscal year.
SOURCE AltaVista Company
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: media, David Emanuel of AltaVista Company, 650-617-3496, or
david.emanuel@av.com; or Tara Burgess of Raging Bull,
978-247-5537, or
tburgess@ragingbull.com
WEB PAGE: ragingbull.com
altavista.com
GEOGRAPHY: California
INDUSTRY CODE: CPR
MLM
SUBJECT CODE: TNM |
