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To: neverenough who wrote (53278)	3/14/1999 3:57:00 AM
From: FR1	Respond to of 97611

An AltaVista spin-off would be worth more now than a year ago, don't you think... No. For several reasons: 1) Money collected. People were just as crazy about Internet IPOs a year ago as they are now. We would have had a whole year or more to drive the price of the stock up. It probably would have even split by now. 2) Market share. With the funds collected from the sale of stocks and the independence to make deals, AltaVista could have a much stronger position than it does now. 3) Potential mergers. Who knows what kinds of deals we could have made over the last year or so. More important, what possible reason could anyone have for not letting AltaVista go public? I think someone has to be held responsible for that and nobody wants to say the Emperor has no clothes. Even today, after all the yacking and yacking nobody has a IPO date. If we had a CEO with vision and ability, he would have stepped up to the microphone shortly after taking office and said We are going to have this business spun off in 120 days. CPQ already had a lot of the paperwork done because they started to spin it off a long time ago. I give up.