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

To: HG who wrote (17208)	3/14/2000 10:34:00 AM
From: adsorb	Respond to of 19700

CMGI Announces Third Directed Share Program; Eligible CMGI Stockholders Have Opportunity To Participate in Upcoming AltaVista Company Initial Public Offering Headlines Last Change 03/14 07:15 ANDOVER, Mass.--(BUSINESS WIRE)--March 14, 2000--CMGI, Inc. (NASDAQ: CMGI) today announced the continuation of its Directed Share Program for its majority-owned operating companies. In connection with the anticipated initial public offering ("IPO") of common stock of CMGI's majority-owned operating company, AltaVista Company ("AltaVista"), CMGI will extend to its stockholders who meet the stated eligibility requirements of the CMGI Directed Share Program, the opportunity to participate in AltaVista's IPO at the initial public offering price. On December 17, 1999, AltaVista filed a registration statement for its IPO with the Securities and Exchange Commission. The commencement of AltaVista's IPO is expected to occur in April 2000. Eligibility for the CMGI Directed Share Program for AltaVista will be extended to all CMGI stockholders of record who owned a minimum of 200 shares of common stock in any one account as of the record date, January 24, 2000, subject to certain limitations described below, and who complete the required program steps through Wit SoundView's affiliate, Wit Capital Corporation, an online investment banking and brokerage firm. CMGI stockholders who acquired shares between January 19, 2000 and January 24, 2000 should check with their brokers to determine the date on which they became a stockholder of record with respect to those shares. An official letter setting forth the specific terms for eligibility and participation in the CMGI Directed Share Program for AltaVista was mailed to all eligible CMGI stockholders on March 13, 2000. Stockholders who believe they are eligible but do not receive this letter by close of business on March 27, 2000, should contact CMGI Investor Relations at (800) 748-3961. The letter contains instructions on how to open an account over the Internet with Wit Capital and register for the Program using an investor code contained in the letter. To participate in this program, stockholders will need access to the Internet and must have an active e-mail address(es) for both day and evening communications with Wit Capital. The deadline for registering for the CMGI Directed Share Program for AltaVista is April 7, 2000. CMGI will determine the allocation criteria but, generally, it will depend upon the number of shares set aside for the program and on the aggregate demand of the respondents. All eligible stockholders who complete all of the required program steps will have an equal opportunity to receive an allocation of shares. Unlike the previous CMGI Directed Share Program, no priority will be given to participants who registered but did not receive an allocation. If the CMGI Directed Share Program for AltaVista is oversubscribed, participants will be selected using a random number generator. Neither CMGI, AltaVista nor any party involved in administering the Program can guarantee that any stockholder will be allocated shares of AltaVista through the Program. Detailed instructions and FAQs regarding the CMGI Directed Share Program for AltaVista may be found at affinity.witcapital.com or on the CMGI web site at cmgi.com. CMGI and CMGI @Ventures Corporate headquarters are located at 100 Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. Fax: 978-684-3814. CMGI @Ventures also has offices at 3000 Alpine Road, Menlo Park, CA 94028; 650-233-0333. Additional information is available on the company's Web sites at cmgi.com and ventures.com. 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 initial public offering of AltaVista Company and the expected ability of CMGI, Inc. to allocate AltaVista Company common stock through the CMGI Directed Share Program. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: AltaVista may not successfully commence its IPO; technical difficulties may arise in the allocation of shares under the program; and Wit Capital may not be able to efficiently handle the management of the program. Content Integrated at TIBCO.net using TIB/ActiveEnterprise Software.