CMGI to buy 83% stake in Compaq's AltaVista site

Article Abstract:

CMGI has reached an agreement to acquire 83% of Compaq Computer Corp.'s AltaVista website. CMGI will pay $2.3 billion (2.22 billion euros) The transaction will also give Compaq a 16.4% share in CMGI, thereby making Compaq the largest outside investor in CMGI. CMGI is planning to turn AltaVista into key part of its Web business. CMGI controls shares in almost more than 40 Internet firms.

Comment:

CMGI to acquire 83% of Compaq Computer's AltaVista website

Asset sales & divestitures, Acquisitions & mergers, Direct Marketing Services, Direct Mail Advertising, Mergers, acquisitions and divestments, Compaq Computer Corp., Online services, Internet services, Abstract, Direct marketing, Online information services, Marketing industry, AltaVista Co., CMGI Inc.

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PC industry braces for weaker sales next year

Article Abstract:

The personal computer industry is experiencing fewer sales with weakest profits since 2001. Analysts expect sales to be down next year as well. Notebook personal computers with entertainment features have been selling well although there is concern that the market is becoming saturated.

Electronic computers, Sales & consumption, Shipments data, Industry Overview, Computer industry, Microcomputer industry, Industry sales and revenue

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EDS wins big U.K. contract

Article Abstract:

Electronic Data Systems Corp. of the United States has been retained by the United Kingdom Ministry of Defence to fill the first order of a computer-outsourcing project valued at approximately $7.7 billion over ten years.

United Kingdom, Contracts & orders received, Computer and Data Processing Services, Contracts & orders let, Computer services industry, Information technology services industry, Contracts, Electronic Data Systems Corp., EDS, Contract agreement, Company Profile, United Kingdom. Ministry of Defence

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