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Technology Stocks : AltaVista Company (ALTA) -- Ignore unavailable to you. Want to Upgrade?

To: AmericanVoter who wrote (23)	2/11/2000 9:28:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 110

...how he plans to beat the competition No one cares if he can/will beat the competition. How will anyone be able to really judge if, and that's a big if, ALTA does beat any competition? All we ask is that the company have a business model to generate some positive cash flow in the foreseeable future without selling more shares to the average-joe momentum investor. Is that asking too much? On a side note, I got a good laugh last year when CMGI threatened to buy all of LCOS after that silly deal with USA Networks scared LCOS shareholders sufficiently that they were bailing out in droves. What is funny is that CMGI had owned over 80% of LCOS years ago and they've been dumping the stock for years at lower prices. That's how they raise cash -- by selling i-net trash, so why would they pay cash to buy it back? Well, at any rate their threat worked because LCOS went right back up a few days later. That's why I think the ALTA IPO will be a success -- the i-net mania is still alive.

To: AmericanVoter who wrote (23)	2/12/2000 10:00:00 AM
From: Glenn Petersen	Respond to of 110

ALTA has initially priced the deal: biz.yahoo.com Friday February 11, 7:20 pm Eastern Time AltaVista sets IPO at 14.8 mln shares, $18-$20/shr WASHINGTON, Feb 11 (Reuters) - Internet search engine AltaVista Co., mostly owned by the online venture capital firm CMGI Inc. (NasdaqNM:CMGI - news), said on Friday it plans to net approximately $258.5 million from its initial stock offering. The company said it plans to sell 14.8 million shares of common stock in a projected price range of $18-$20 per share, according to an amended prospectus filed with the Securities and Exchange Commission. After the offering, there will be about 148.3 million shares outstanding in the company, putting its initial market capitalization at approximately $2.8 billion based on a $19 per share initial price, the midpoint of the price range. The Palo Alto, Calif.-based company plans to use the IPO proceeds for working capital, advertising and other general corporate purposes, including possible acquisitions. CMGI will hold a 73.8 percent stake after the offering while Compaq Computer Corp. (NYSE:CPQ - news) will hold a 16.2 percent stake, according to the filing. AltaVista has applied to list its shares on Nasdaq under the symbol ``ALTA' (NasdaqSC:ALTA - news) once it goes public. The underwriters, led by Morgan Stanley Dean Witter, have been granted the option to purchase an extra 2.22 million shares in the event of heavy demand.