A new deal between Compaq Computer Corp. (NYSE: CPQ) and CMGI (Nasdaq: CMGI) promises to give the computer manufacturer’s operations executives plenty to do on several different fronts. With a 16.4 percent stake in CMGI — a “diversified Internet operating company” — the firm is now the largest outside shareholder in CMGI. Meanwhile, CMGI bought an 83 percent stake in the Compaq-owned Alta Vista search site company.
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CMGI Deal Brings Compaq Many New Partners
Posted by: Mary Hillebrand August 19, 1999 12:00 AMA new deal between Compaq Computer Corp. (NYSE: CPQ) and CMGI (Nasdaq: CMGI) promises to give the computer manufacturer’s operations executives plenty to do on several different fronts. With a 16.4 percent stake in CMGI — a “diversified Internet operating company” — the firm is now the largest outside shareholder in CMGI. Meanwhile, CMGI bought an 83 percent stake in the Compaq-owned Alta Vista search site company.