AltaVista Internet Software Inc, the newly-formed Internet technologies subsidiary of Digital Equipment Corp, which is based in Littleton, Massachusetts has filed with the Securities & Exchange Commission to go public, but did not say how many A shares would be offered or at what price, although it may make up $50m for working capital and to finance development and marketing of its search engine and other products. After the offer, DEC will own at least 80% of AltaVista; it holds B shares, whi ch carry three votes to the A shares’ one vote. Lehman Brothers Inc, Cowen & Co and J P Morgan & Co will jointly manage the underwriting.
