AltaVista's IPO postponement creates more worry for investors

Article Abstract:

Internet search engine company AltaVista is delaying its initial public offering in the wake of stock market jitters and the company's own investor's lack of confidence. AltaVista owner CMGI is considering spinning off part of the company after having bought the search site for $2.3 billion in 1999. As with most business-to-consumer Internet companies, AltaVista has been reaping great losses on small revenue.

Telegraph & other communications, Securities prices, Evaluation, Internet service providers, Internet service provider, Securities, Going public (Securities), Initial public offerings, AltaVista Co., CMGI Inc., CMGI

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Gillette's Zeien is retiring from helm after eight years; Hawley is successor

Article Abstract:

Alfred M. Zeien took the helm of Gillette Co. in 1991 when its market capitalization was $6 billion. Now it is $63 billion and he will retire at age 68. He will be replaced by a 1961 Gillette veteran, Michael C. Hawley, who rose to the top from accounting assistant. He will take over the top spot April 15 but his position of president and COO will remain unfilled.

Comment:

Michael C. Hawley to take top job April 15

Executive changes & profiles, Cutlery and Flatware (except Precious) Manufacturing, Cutlery, Razor Blades & Razors ex Electric, Officials and employees, Abstract, Gillette Co., G, Personal care appliances industry, Razors, Shaving

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Your face or mine? Ask a computer; feature recognition systems match facial 'landmarks' to determine positive ID

Article Abstract:

Visionics Inc., Miros Corp., and Viisage Technology Inc. are marketing face recognition systems. Among the organizations using this equipment are law enforcement agencies, banks, airports, casinos, and motor vehicle departments. The system reduces an image to a matrix of a dozen points on a face, which it can then quickly compare to a database of images. The current generation of home computers are powerful enough to match a picture against 60 million images in a minute.

Computer peripheral equipment, not elsewhere classified, Other Computer Peripheral Equipment Manufacturing, Image Processing Equip, Statistical Data Included, Usage, Product development, Technology development, Image processing equipment, Image processing equipment industry, Imaging systems, Electronic surveillance, Physiognomy, Imaging technology, Image interpretation, Computer assisted, Computer assisted image interpretation

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