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

To: Night Writer who wrote (48486)	2/17/1999 7:13:00 AM
From: hlpinout	Respond to of 97611

NW, I can't remember where I saw it but I believe one article out of many just mentioned something about that with a brief statement. It was a nothing statement (IMO) so I can't remember where I found it and it the article was a rehash of a previous so I didn't post it. Futures very ugly this am. Good Morning hio

To: Night Writer who wrote (48486)	2/18/1999 6:40:00 AM
From: hlpinout	Respond to of 97611

NW, AV and MSFT spoken about in this article. Compaq Furthers Net Involvement With Zip2 Buy February 17, 1999: 1:01 p.m. ET HOUSTON, TEXAS, U.S.A. (NB) -- By Bob Woods, Newsbytes. Just weeks after Compaq Computer Corp. [NYSE:CPQ] said it would split off its AltaVista subsidiary to form a separate and publicly traded Internet-based company, the huge computer maker said it bought Net tool developer Zip2 Corp. for an undetermined amount. In addition, Compaq said it largely completed its tender offer for Shopping.com Inc. [OTC:IBUY] common shares. Financial details were not release in Compaq's proposed buy of Zip2, except that the deal is a cash purchase for all of Zip2's outstanding shares. Compaq officials said they intend to "deliver the most robust platform for localized information and e-commerce on the Internet" with the acquisition of Zip2, a provider of Internet platform tools for media companies and local e-commerce merchants. Zip2 will combine with AltaVista's search and e-commerce technologies, as well as AltaVista's reach among Internet users, to "significantly extend the revenue potential for local media and e-commerce partners." Mountain View, Calif.-based Zip2 will become an operating division of the new Compaq subsidiary, AltaVista Company. The head of the new division said Zip2's addition would greatly help the company's vision of creating a local "Internet Oasis," where Net surfers can access information and shopping "right in their own backyards." Zip2 Corp. develops, hosts and maintains consumer Web sites specifically for media companies, including the Mirror Group, Classified Ventures, The New York Times Company, Knight Ridder, Morris Communications, and newspapers in the Hearst, Times Mirror, Media General, Pulitzer Publishing and Freedom Communications chains. Besides the proposed Zip2 buy, Compaq also said it largely completed its buy of Shopping.com stock, as it has acquired almost 10 million shares or 95.9 percent of all of Shopping.com's outstanding shares. All shares were tendered for $18.25 in cash in an offer that closed last Friday. Compaq said it will now proceed with the steps necessary to complete the merger of Compaq subsidiary Compaq Interests Inc. into Shopping.com. The merger is expected to be completed in early March. The computer maker had lowered its price for Shopping.com last month, "following the disclosure by Shopping.com of additional information, including information regarding the number of shares of common stock and convertible securities outstanding," Compaq officials said (Newsbytes, Jan. 21). Compaq had offered $19 a share for Shopping.com shares. Both Zip2 and Shopping.com will be integrated into the new AltaVista unit, which will be offered as a publicly traded company (Newsbytes, Jan. 26). Compaq President and Chief Executive Officer (CEO) Eckhard Pfeiffer said Compaq is concentrating on two items in its AltaVista spin-off: "We intend to transform AltaVista into the leading destination site for information and e-commerce on the Internet," he said. "Second, Compaq is clearly focused on Internet leadership, from consumers to the largest global corporation." Compaq also said at the time that it entered into an agreement with Microsoft Corp., where the AltaVista search engine will replace a similar offering from Inktomi Corp. on the Microsoft Network (MSN) of Web sites. In addition, AltaVista will make available to its users an AltaVista-branded version of Microsoft's Hotmail service as well as future Microsoft instant messaging technology. AltaVista's current pact with Iname will be allowed to lapse, Compaq officials said. In addition, Compaq/AltaVista and Microsoft agreed to work together on a range of other future Web-based communications and community building services. Compaq's Web site is at compaq.com , while AltaVista is located at altavista.com or av.com . G'day hio