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

To: Chris who wrote (79314)	3/10/2000 6:16:00 AM
From: marquis103	Respond to of 97611

It's a couple of YEARS of straws breaking the camel's back that finally got to me. That's a lot of wasted opportunity and frustrating patience. I don't need to tell you how the rest of the market has done in that time frame. I have recently jumped into MC's corner also, but I was tired of seeing other investment opportunities pass me by while Compaq's share price languished in the 20's. It wasn't too long ago, when Compaq made that little pre-earnings runup into the low thirties, that we were kidding about Compaq and Dell's share prices being almost the same for a change. Here we are a few weeks later and Dell's price is almost double Compaq's. Very sad indeed. Just for the record, I still hold 75 % of my original position which is a healthy amount, and I believe the stock will get a bounce in April when earnings are announced. However, I now believe that Compaq's share price will not mimic the likes of Dell and HWP for at least another few quarters as it's become all too fashionable for Wall Street to knock Compaq, and that will take some severe perception changes. Part of that is because MC is viewed as a guy who can do the job, but is not aggressive enough to make it happen in as timely a fashion as Wall Street believes it should. All in all, it was time to become more proactive in managing my investment money and let some of those stomach acids settle down. I just wish I had done it sooner. Russ

To: Chris who wrote (79314)	3/10/2000 7:36:00 AM
From: hlpinout	Read Replies (1) \| Respond to of 97611

CMGI to Sell Shares in AltaVista to Public in April (Update2) 3/9/00 3:22:00 PM Source: Bloomberg News (Adds details on AltaVista.) Andover, Massachusetts, March 9 (Bloomberg) -- CMGI Inc., an Internet venture fund company, said it plans to sell shares in Web search service AltaVista Co. in early April. CMGI had first planned to take AltaVista, which it bought from Compaq Computer Corp. last year, public in January. The initial public offering was pushed back because of an administrative delay with the Securities and Exchange Commission, CMGI Chairman David Wetherell said on a conference call. He didn't elaborate on the delays. Many Web experts like AltaVista's technology because they believe it sweeps a larger swath of the Internet than most search directories. Andover, Massachusetts-based CMGI invests in Internet- related companies through several funds with the goal of taking them public or selling them to investors at a profit. AltaVista would have an initial market value of almost $3 billion under the proposed terms of the IPO. The Palo Alto, California-based company filed with the SEC last month to sell 14.8 million shares at $18 to $20 each. AltaVista would have 148.4 million common shares outstanding after the stock sale, according to a registration filed with the SEC. Multiplying this number times $20 -- the high end of the estimated price per share -- would imply a market value of about $2.97 billion. The company estimated that the stock sale will raise $258.5 million after expenses, assuming a share price of $19. AltaVista will use the money to expand its sales and marketing efforts, provide working capital, and meet general corporate purposes. Underwriters for the stock sale will include Morgan Stanley Dean Witter; Chase H&Q; Robertson Stephens; Prudential Volpe Technology; and Wit SoundView. AltaVista will seek to have its shares trade on the Nasdaq Stock Market under the symbol ALTA. CMGI plans to take several more companies public this year, including CMGI Solutions, a technology consulting firm, free Internet service 1stUp.com, NaviNet, eGroups Inc., Furniture.com and MyFamily.com, Wetherell said. 2nd-Quarter Loss Earlier today, CMGI reported a fiscal second-quarter loss as acquisition and stock-based compensation costs surged, although the company's revenue almost quadrupled. CMGI said it lost $187.8 million, or 74 cents a share, for the quarter ended Jan. 31 compared with a profit of $13 million, or 6 cents a share, in the year-earlier period. Revenue rose to $153.5 million from $39 million. The company has acquired several Internet companies during the last year to boost its revenue from operating businesses. Still, costs surged as it absorbed nine acquisitions during the quarter. The company offset those costs by selling shares in its investments such as Yahoo! Inc., the top Internet search service. CMGI recorded a pre-tax gain of $159.7 million from selling shares of Yahoo! Inc. stock, the largest gain during the quarter stemming from selling shares in its investments. CMGI shares rose 6 7/8 to 145 3/8 in Nasdaq trading. After the close, shares rose as high as 150 on electronic networks. Email this story to a friend