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

To: fut_trade who wrote (53)	6/5/2000 9:28:00 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 110

ALTA to split in two: news.cnet.com AltaVista to split into two companies, paper reports By Reuters Special to CNET News.com June 4, 2000, 9:50 a.m. PT LONDON--Internet portal AltaVista, which postponed its $2.8 billion initial public offering in April, is near to splitting itself in two and floating its non-American operations in Europe later this year, the Sunday Times reported. It said AltaVisa Europe would be valued at about $898.6 million and listed in London or Frankfurt. The paper quoted Pierre Paperon, president of AltaVista Europe, as saying it was exploring the possibility of floating the European division by the end of the year. The company is being advised by Morgan Stanley, which has come up with several possibilities--most likely being a split, the paper said. In April AltaVista announced it was putting off its IPO because of weak market conditions. It gave no indication of when it might try again to sell shares to the public, saying only it would have to wait the market out. A series of other companies--many Internet-related--have canceled IPOs in recent months because of depressed market conditions. AltaVista is majority-owned by Internet incubator CMGI.