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Download Cmgi gets altavista - and a new strategy.
CMGI already owns a chunk of the Lycos search engine. The deal comes one day after AltaVista rolled out new features for the search site. "AltaVista is started on a path of a broader journey. New Internet Life for Alta Vista and Compaq. Garlinghouse said the AltaVista transaction will help CMGI leverage the potential value of its other portfolio companies.
CMGI plans to use Alta Vista as a platform for its network of more than 40 Internet companies, includingRaging Bull and Compaq Computer Corp. yesterday sold AltaVista, one of the best-known search engines on the Web, to Internet company operator CMGI, in a deal valued at $ billion.
AltaVista -- prompted by its new owner, CMGI, one of the most successful incubators of Internet companies -- promised to take on Yahoo with ''a portal as powerful and immediate as life.
CMGi owns an 18% stake in Lycos, the No. 2 Web portal, and has been holding talks with Lycos over the past several weeks. This person says an AltaVista deal would not preclude a future Lycos : Jon Auerbach.
Overture Services Inc., owner of an Internet-search service that charges web sites for prominent placement in its results, agreed to buy CMGI Inc.'s AltaVista. CMGI holdings that are aimed at business-to-business Internet buying and selling will be integrated into AltaVista after the consumer links are launched.
CMGI’s varied e-commerce holdings in. CMGI's AltaVista acquires Raging Bull. pm EST Updatedpm EST. Palo Alto, Calif.-based AltaVista Co., a majority-owned operating company of Andover-based CMGI.
CMGI's second-quarter losses were, in part, a result of noncash charges related to its past acquisitions of companies such as AdForce Inc. and AltaVista. Related stories: AltaVista names new CEO.
CMGI INC. CMGI Inc., with origins dating back torose to be a leader among Internet holding firms under the direction of David Wetherell.
With the creation of @Ventures, one of the first Internet-only venture capital firms, CMGI operated as an incubator — a firm that invests in business start-ups with the intent of spinning them off or operating the start-ups themselves. $B pact brings Compaq new Internet strategy, link with CMGI NEW YORK (CNNfn) - Internet investment firm CMGI Inc.
agreed Tuesday to buy most of Compaq Computer's AltaVista search engine. Compaq, CMGI finalize AltaVista deal. Compaq Computer says it has completed the deal for CMGI to acquire its AltaVista portal site and also says it has invested in an Internet alliance with Engage.
AltaVista also set a new strategy in motion with the introduction of robust services for web-savvy users, such as Enhanced AltaVista Search (offering the Internet ’ s first web index freshness guarantee and new multimedia search capabilities); the AltaVista Microportal (the world ’ s first microportal, a personalized desktop window to.
AltaVista, with an IPO nowhere in sight, is stuck in a perpetual identity crisis--we're a search engine, no, we're a portal, no, we're a search engine again--and it can't seem to capitalize on its. CMGI was insanely powerful during the first internet bubble.
It was the poster child of the dot-com boom. As the bubble burst, investors began to refer to CMGI as the 'can’t make good. CMGI, which is based in Andover, said its results last quarter meant a per-share loss of $, but that was ahead of the loss of $ a share expected by Wall Street analysts surveyed by First.
AltaVista was set up to go public in right when the stock market crashed for tech companies, leading to the ‘internet bubble burst’, and CMGi was forced to delay the IPO. Even after the bubble had burst, AltaVista still had value and Wetherell believed that it could have enabled CMGi to remain a significant player in the internet space.
The company owns around 30 high-profile internet firms focused on the consumer market, as well as a majority holding in the AltaVista search engine. However, CMGI. CMGI Inc. and Compaq Computer Corp. confirmed Thursday they are discussing a deal that would have CMGI taking control of Compaq's AltaVista search engine.
The confirmation follows days of speculation that a deal might be immiment. The companies are also talking about forming a strategic relationship that would advance Compaq's Internet strategy.
CMGI said its newly acquired AltaVista Web portal lost $ million on revenue of $ million for its most recent fiscal year. CMGI is expected to take AltaVista public next year.
Reading this book reminded me of my own personal experience consulting for the search engine company AltaVista in the late s.
Many considered AltaVista to be the best search engine before Google really hit the scene. The venture capital company CMGi bought AltaVista and embarked on a major blitzscaling s: AltaVista names new CEO.
as part of a strategy announced last year to reach profitability in gets better analytics. A new version of Aruba Central will include features for managing. AltaVista Business Solutions is a division of AltaVista Co., which is owned by CMGI Inc. in Andover, Mass., and Compaq Computer Corp.
The parent companies announced yesterday that they would. Compaq Computer, the money-losing personal computer company still struggling to digest its acquisition of Digital Equipment Corp., may be on the verge of selling one of Digital's best-known units. AltaVista CEO Rod Schrock will apparently have a role in the new company, according to a statement.
But analysts noted that Schrock wasn't mentioned as a host for a 1 p.m. ET conference call. CMGI. AltaVista's director of strategy James Anderson confirmed the relationship, but would not speculate on the launch date of the "new" AltaVista, which reports suggest will be October 25 in New York and which will apparently be backed by a $m advertising campaign.
And CMGI’s subsidiaries?including online businesses such as AltaVista and UBid and 19 others at the company’s high-water mark in late ?were also focused on growth.
No one had time for process. CMGI is forming its first overseas venture-capital fund, partnering with Hicks Muse and Pacific Century CyberWorks in a $ billion fund to invest in Web businesses in Asia, Europe and Latin America.
The announcement by Engage, in which CMGI owns a 78% stake, follows news of several other mergers, downsizings and shutdowns at CMGI companies over. That's why, after the fallout with Lycos last spring, he bought AltaVista in June. AltaVista's 10 million visitors vaulted CMGI into the No.
3 spot among Web networks. Now, Wetherell wants to turn AltaVista into a ''megaportal,'' a site of sites that would be a showcase and jumping-off point for other CMGI. NEW YORK (CNNfn) - Internet investment firm CMGI Inc.
continued its recent shopping spree Monday, acquiring fledging online marketer and research company AdForce Inc. CMGI on the development of new technologies to create and deliver dynamic content and applications.
Additionally, CMGI and Akamai announced an increasing number of cooperative efforts to enhance the performance of company sites within the CMGI network. CMGI-related companies currently partnering with Akamai include NaviSite, AltaVista. caledon wrote in to tell us a story about AltaVista planning a bunch of lawsuits to enforce patents on things like Spidering and Indexing.
In the article, David Wetherell of CMGI says "If you index a distributed set of databases-what the Internet is-and even within intranets, corporations, that's one of the did a press release on this with a list of six or ten of the key areas that.
Both AltaVista Co.'s chief and analysts Friday welcomed the company's decision to refocus its energies on its core Net search business as a way to increase its profitability.
The vendor announced earlier Friday that it had laid off one quarter of its staff and was stepping down its efforts to establish a media portal business. [Recall that CMGi's entire market cap a year ago was just $ billion, and that six months ago CMGi bought AltaVista for a little less than that amount.
Recall that all of CMGi's cash and cash equivalent securities just a year ago were $ billion, and that two months ago CMGi announced just one of several new venture funds seeded with a. Think of CMGI and Engage as the New England Patriots and erstwhile quarterback Drew Bledsoe.
During the go-go '90s, the Internet operating company couldn't be happier with the results the online ad firm produced. Accordingly, it invested millions in the star roster player, eventually gobbling up a.
CMGI names new CEO. AltaVista, Equilibrium and uBid. The strategy helped raise CMGI shares to around $ in earlybut the company's fortunes burst along with the bubble, trading at $1. Lycos, AltaVista Trying to Become Virtual Malls / LycosShop will offer brands like Gap, Crate & Barrel.
A beefed up AltaVista would be a direct competitor of Lycos, in which CMGI has an % stake -- and from whose board Wetherell resigned earlier this year in a disagreement over Lycos's.
Shares of CMGI soared /8 to /16 on Tuesday, while Compaq stock climbed /16 to /8. It really looks like everybody could win from this deal. AltaVista's eyeballs should greatly add value to CMGI's Internet properties, and the new exposure could help some of these companies go public.
In the shadow of Yahoo, a Johnny-come-lately finds a speedy route to success.AltaVista was a Web search engine established in It became one of the most-used early search engines, but lost ground to Google and was purchased by Yahoo!
inwhich retained the brand, but based all AltaVista searches on its own search engine. On July 8,the service was shut down by Yahoo! and since then the domain has redirected to Yahoo!'s own search site.Stock analysis for Steel Connect Inc (CMGI) including stock price, stock chart, company news, key statistics, fundamentals and company profile.