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Short Take: Compaq completes Zip2 acquisition

Compaq Computer completed its acquisition of Web-based local information provider Zip2. The service will now become an operating division of Compaq's AltaVista Web portal. As reported, Compaq is spinning off AltaVista in hopes of taking it to an initial public offering.

Compaq Computer completed its acquisition of Web-based local information provider Zip2. The service will now become an operating division of Compaq's AltaVista Web portal. As reported, Compaq is spinning off AltaVista in hopes of taking it to an initial public offering.