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


To: fut_trade who wrote (51)5/25/2000 1:39:00 PM
From: fut_trade  Read Replies (1) | Respond to of 110
 
from wsj.com: even relatively successful Internet companies are postponing their initial offerings, following the stock-market slump. AltaVista Co., a unit of CMGI Inc. that operates a popular search engine, postponed its IPO until September or October, when the company expects to be closer to profitability

interactive.wsj.com

A scheme in the works??? I think CMGI will continue to decrease Altavista's headcount to give the appearance that the company will become profitable. They may get expenses down for a couple of quarters, but I doubt they will do it for longer than that.