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

To: Jimbo Cobb who wrote (45799)	1/28/1999 4:55:00 AM
From: Steven N	Respond to of 97611

Shopping.com to offer an Internet access service Reuters Story - January 28, 1999 00:11 NEW YORK, Jan 27 (Reuters) - Online retailer Shopping.com said on Wednesday it had agreed a deal to develop a customized Internet service based on a marketing alliance with Internet access provider American Interactive Media . The deal takes on added strategic significance because Shopping.com has agreed to be acquired by Compaq Computer Corp. in a $220 million deal expected to close this spring. Compaq, in turn, plans to merge Shopping.com into AltaVista, its Web navigation unit. Compaq announced on Tuesday it intends to spin off AltaVista as a separate, publicly-traded company. American Interactive Media, a marketer of Internet access for interest groups, said it will create a Shopping.com portal page with links to the Shopping.com Web site. American Interactive also will place Shopping.com in its banner advertising rotation on sites affiliated to it and will use Shopping.com as the primary electronic shopping service for its network of co-branded Internet access providers. Shopping.com said its Internet service options will include a $9.95 per month introductory offer and a $15.95 per month pay-in-advance plan. The deal fits with a series of moves Compaq has made to build up AltaVista as a full-service Internet destination like rivals Yahoo! Inc. , Excite Inc. , Lycos Inc. and other so-called portals. On Tuesday Compaq announced a technology partnership with Microsoft Corp. in which AltaVista will offer a free e-mail service based on Microsoft's Hotmail service. "This service gives us a real point of differentiation from other e-commerce sites," Shopping.com said in a statement. ((--Nicole Volpe, New York Newsdesk (212) 859-1700)) Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. StevenN --------------------------------------------------------------------------------