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News > Technology
CMGI-AltaVista near deal?
June 28, 1999: 8:25 p.m. ET

CMGI and AltaVista planning an announcement Tuesday morning
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NEW YORK (CNNfn) - Internet investment firm CMGI plans to make an announcement Tuesday related to Compaq Computer Corp.'s AltaVista unit, sources said.
     While the sources declined to elaborate on the specifics of the announcement, published reports last week said CMGI would pay up to $3 billion in stock for a controlling stake in AltaVista and two other Compaq Web sites.
     AltaVista came bundled with Digital Equipment Corp., for which Compaq paid $8.4 billion in 1998. That large acquisition continues to hurt Compaq's bottom line.
     Shares of Compaq were unchanged at 22-5/16 Monday, while CMGI was up 3-7/16 to 97-11/16. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.