NaviSite in a Nutshell
A capsule description of NaviSite Inc.
Fri., Jan. 18, 2002
What is it?: A firm that hosts Web sites for various companies
For how long?: Parent company CMGI, an Internet holding company, founded NaviSite in 1996.
Headquarters: Andover, Mass.
Stakeholders: CMGI is a majority owner; Microsoft has a minority stake.
Austin connection: NaviSite closed its Austin office early last year.
Current state: Hanging on by its fingernails. NaviSite was steps away from death's door as recently as last fall but won a reprieve in October with a $65 million lifeline (including $30 million in cash) from CMGI and Compaq Computer Corp.
Stock: In May 2000, it traded at a high of more than $164 per share. Last week's high was 34 cents.
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