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Technology Stocks : shopping.com (IBUY) -- Ignore unavailable to you. Want to Upgrade?


To: Arcane Lore who wrote (372)1/12/1999 9:45:00 AM
From: afrayem onigwecher  Respond to of 435
 
i BUY u BUY compaq BUY we all BUY.....................I B U Y



To: Arcane Lore who wrote (372)1/12/1999 11:14:00 AM
From: afrayem onigwecher  Respond to of 435
 
Thnnk You from a worthy adversary



To: Arcane Lore who wrote (372)1/12/1999 7:53:00 PM
From: bambaata  Respond to of 435
 
ALL THE IBUY BASHERS ON THIS THREAD SHOULD KISS BOB MCNULTY'S ARSE AND APLOGISE TO THE CO>>>IMHO



To: Arcane Lore who wrote (372)1/12/1999 8:12:00 PM
From: Arcane Lore  Read Replies (1) | Respond to of 435
 
Why did Compaq Acquire Shopping.com?

WSJ's (Gary McWilliams) theory: Software and a good fit with Alta Vista:

Compaq Agrees to Pay $220 Million
To Buy Online Retailer Shopping.com
By GARY MCWILLIAMS
Staff Reporter of THE WALL STREET JOURNAL

...Shopping.com, though an unprofitable firm with a history of management turmoil, brings Compaq important software for initiating a purchase, conducting credit checks and maintaining electronic links to suppliers. Compaq also intends to funnel visitors to its Alta Vista search site into Shopping.com's collection of 63 online "warehouses" that sell everything from computers to jewelry.

Mr. Schrock
(Compaq Senior VP) said the acquisition, when combined with Alta Vista and other as yet undisclosed efforts, could become competition for Internet portal sites such as Yahoo!, America Online and Excite. Alta Vista, a Web search service acquired as part of last year's purchase of Digital Equipment Corp., receives 11 million visitors a month, according to Media Metrix Inc. It is the 10th most frequently visited Web site, ahead of even Amazon.com.

...The two companies began talks three weeks ago, said Shopping.com President Frank W. Denny. ...


interactive.wsj.com

Orange County Register(Andre Mouchard): E-commerce technology:

... The buyout could be finalized in a month if it meets regulatory approval and if investors who currently own 90 percent of Shopping.com's outstanding stock agree. Shopping.com lists about 6 million shares outstanding but has a total of 15 million shares issued when options and warrants are taken into account. Chief Executive Frank Denny said investors who hold options on Shopping.com stock would get similar rights to buy Compaq stock.

Compaq, based in Houston, wants Shopping.com's back-of-shop technology, saying it is the best such technology available in the fast-growing world of E-commerce.

"We feel the No. 1 reason people buy computers now is to access the Internet," said Compaq spokesman Jim Finlaw. ...


ocregister.com



To: Arcane Lore who wrote (372)2/16/1999 8:25:00 AM
From: Arcane Lore  Read Replies (2) | Respond to of 435
 
Compaq Announces Successful Tender Offer For Shopping.com Acquisition

HOUSTON--(BUSINESS WIRE)--Feb. 16, 1999--Compaq Computer Corporation (NYSE:CPQ) today announced that 9,935,449 shares, or approximately 95.91 percent of the outstanding shares of common stock of Shopping.com (OTC:IBUY), were tendered for $18.25 per share in cash in response to Compaq's tender offer which closed on February 12, 1999, based upon a preliminary count by U.S. Stock Transfer Corporation, the depositary. The shares (which include 447,014 shares subject to guarantees of delivery or receipt of additional documentation) will be purchased in accordance with the terms of the offer. ...

Pursuant to the Merger, any shares of Shopping.com common stock not tendered and purchased pursuant to the tender offer or otherwise owned by Compaq will be converted into the right to receive $18.25 per share in cash. ...

The full CPQ news release can be found at:
fast.quote.com