"Elsewhere in Internet media mayhem, rumor has it that portal also-ran AltaVista will commence its third round of layoffs early next week, after the Martin Luther King holiday, with nearly half the company slated to go. AltaVista would neither confirm nor deny the rumor." http://news.cnet.com/news/0-1015-205-4458960.html?tag=st.ne.1015.hdgrph.&tag=st.ne.1015.hdgrph.a Anyone here from AV know what's going on?
I'm not on the inside, but Altavista just pulled their IPO (some said it would be the last time) and since venture firms like CMGI are primarily interested in taking a company public, this is a very serious situation.
My .02... look for AV to be sold off in the near future. I just hope Disney doesn't buy them.