AltaVista's uphill climb

 

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Even with its acquisition by CMGI, AltaVista's fate remains uncertain. But with the portal's march toward branding itself to a wider audience, analysts say it is likely to persevere. "They are competitors, and it makes sense for CMGI over time to reduce its stake in Lycos." - Abhishek Gami, equities analyst, William Blair

What can CMGI do with two portals? news analysis With major stakes in AltaVista and Lycos, CMGI finds itself owning two birds of a similar feather, and some analysts speculate that the company may have to let one fly. CMGI buys AltaVista for $2.3 billion update CMGI says it will acquire a controlling stake in Compaq Computer's Web portal business AltaVista for about $2.3 billion. Lack of CEO doesn't slow Compaq changes Compaq Computer aims to wrap up its search within a month, but the opening has not stopped the company from launching major initiatives and filling executive positions. Compaq inks deal with PCOrder.com Compaq Computer announces it will bolster its fledgling e-commerce effort in a partnership with PCOrder.com.