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| Author | Topic: Alta Vista (ALTA) |
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InvestorGuide Daily Administrator |
posted 01-31-2001 09:34 AM
 
Spanish Internet giant Terra Lycos said on Tuesday it had bought online financial community firm Raging Bull in an all-cash deal to increase traffic to Terra's network of sites. Terra Lycos bought the company from AltaVista, which is majority-owned by CMGI, but did not disclose details of the transaction. (source: Upside) http://www.upside.com/texis/mvm/news/wire?id=3a76d4b62 |
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InvestorGuide Daily Administrator |
posted 08-09-2000 06:29 PM
In brief: - AltaVista, an Internet search service, said it's selling its own advertising in the United States, taking the sales from Internet ad company DoubleClick. |
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InvestorGuide Daily Administrator |
posted 06-05-2000 06:09 PM
After a report in the Sunday Times quoted senior AltaVista Europe officials as saying that AltaVista was close to spinning off its European operations, a spokesman for the company told Reuters that it wasn't so. (source: Upside) http://upside.com/News/393ac4550.html |
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newsman |
posted 02-17-2000 11:01 AM
Heads up for anyone watching the Alta Vista IPO: "Internet portal Alta Vista, which is planning a public offering soon, is warning potential investors that a securities law may thwart its sale to another company after the IPO. The company said its majority owner, CMGI, a firm that operates a network of Internet companies, may hold on to its majority stake to avoid being tagged as an investment or mutual fund company by the Securities and Exchange Commission. "CMGI's interests could conflict with the interests of our other stockholders," AltaVista said in its S-1/A filing with the SEC. "CMGI may be motivated to maintain at least a majority ownership position in Alta Vista, even if other stockholders of Alta Vista might consider a sale of control of Alta Vista to be in their best interests." The Investment Company Act of 1940--states that a company whose investments make up 40 percent of its total assets is for all purposes an investment company. If CMGI allowed a suitor to acquire Alta Vista after the IPO, it risks approaching the 40 percent level. All in all, CMGI's possible reluctance to shed its stake does not bode well for investors. AltaVista's filing with the SEC adds that CMGI's ownership "may have the effect of delaying, deferring or preventing a change in control of our company or discouraging a potential acquirer" from making any moves which "in turn could adversely affect the market price of our common stock." |
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Mayor of Investorville Administrator |
posted 12-20-1999 05:04 PM
Internet investment firm CMGI purchased the company from Compaq, and is making good on its plan to take AltaVista public. The company plans to raise $300 million with the IPO and is expected to go public soon, although an official date has not yet been set. (source: SEC filing) |
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happyguy |
posted 10-28-1999 03:52 PM
Machiavelli, That's the key to CMGI's strategy. Have a stake in a diversified group of internet plays and then begin linking them together. They've already started to do this, and the revamped Altavista site is the most important part of this plan I think. |
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Machiavelli |
posted 10-28-1999 03:34 PM
Have you all seen the new Alta Vista? CMGI basically turned them into a portal to compete with Yahoo, and it looks very cool and very professional (I always thought it used to look for choppy and amateurish). Though I'm not clear what advantages they have over their new competition, but they seem to be on the right track. I'm guessing once CMGI pushes their own investments harder on Alta Vista, then we will see how CMGI's grand strategy will play out to give Alta Vista the advantage. |
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smario |
posted 10-05-1999 09:30 AM
AltaVista said it inked a three-year $65 million agreement with HealthCentral.com that calls for the site to supply content for AltaVista's health channel, which is set to debut in late fall. HealthCentral.com will pay a small amount of the $65 million in equity, while the remaining payment will depend on quantity of traffic that is directed to the site from the channel. All of this consolidation in the 'portal' industry reminds me alot of the telecom industry. An I'm wondering if the next step will blow us away even more in terms of sheer size. Once the shakeout is over and we are left with four or five one-stop content/portal areas (ie Yahoo and AOL), and four or five one-stop communication providers (ie Worldcom and AT&T), won't we see a natural attraction between the two industries? Think about it, Worldcom could by Yahoo (or reverse) and AT&T could buy AOL (same) to create immense one-stop communication/portal/communities rivaling small countries! I really think this is what will happen. Just a thought. |
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mrcool |
posted 09-30-1999 01:10 PM
Even after the IPO, CMG will still have enough stock to call the shots. The IPO is probably intended as a way for them to raise cash to finance investments in other startups. |
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tk421 |
posted 09-30-1999 09:19 AM
mrcool, but they don't have to spin off Alta Vista to benefit from their plans, do they? Sure, Alta Vista would get more money, and CMGI would probably retain a large voting share, but the bottom line is that Alta Vista would still be seperate company with seperate management...so wouldn't it be a safer bet for CMGI to keep them privata and part of CMGI for awhile to see where things lead? |
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mrcool |
posted 09-28-1999 04:55 PM
CMG recently announced that they are tentatively planning for an Alta Vista IPO in January. I think they're using the site as the centerpiece in their keiretsu strategy... rather than just acting as a VC firm, they're leveraging synergies between their individual holdings. Alta Vista will be used to drive traffic to all the other sites, they have a couple ad software companies which they'll integrate and use to serve ads across all their sites, etc. |
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tk421 |
posted 09-28-1999 11:42 AM
Greetings. Lee R, do you know for a fact that Alta Vista plans to go public? Would CMGI spin them off so soon after acquiring them? Come to think of it, what type of relationship has CMGI decided on having with Alta Vista - hands on, or more control, and what changes have Alta Vista gone through? Thanks. |
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Lee R |
posted 09-28-1999 09:31 AM
Any word on when Alta Vista is going public? |
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InvestorGuide Weekly Administrator |
posted 08-16-1999 09:15 AM
Alta Vista announced plans to offer free internet access to anyone willing to put up with persistent, in-your-face ads. http://www.wired.com/news/news/business/story/21251.html |
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dude |
posted 07-30-1999 10:50 AM
Of course, you're aware that any site with a big wad of cash can pay a "search engine consultant" who will work tirelessly to trick the search engines into listing the site near the top of the most popular searches. So even for search engines that don't do paid links, sites that have money will have the advantage. |
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