AltaVista, HomeGrocer.com File for IPOs

Plus, Dole warns of an earnings shortfall, and other postclose news.
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Internet portal

AltaVista

filed with the

Securities and Exchange Commission

to raise as much as $300 million in an initial public offering. The Palo Alto-based company, which counts about 45 million unique monthly visitors to its Web site, said it plans to use the proceeds for advertising, working capital and other general corporate purposes. Ever-acquisitive Internet company

CMGI

(CMGI)

holds 82% of AltaVista. Underwriters include

Morgan Stanley Dean Witter

,

Hambrecht & Quist

,

Robertson Stephens

,

Prudential Volpe Technology

and

Wit Capital

.

Online food store

HomeGrocer.com

delivered a filing to the SEC to raise as much as $250 million in an IPO. The company currently has operations in Seattle, Portland, Ore., and the Orange County-Los Angeles area in California, and said it plans to expand its service into at least eight additional metropolitan areas, over the next 12 months. One of its principal stakeholders is

Amazon.com

(AMZN) - Get Report

, which holds a 27.56% stake. HomeGrocer.com said it plans to use the proceeds for the first phase of expansion into other cities, working capital and to market its brand. The underwriters include Morgan Stanley,

Donaldson Lufkin & Jenrette

, Hambrecht & Quist,

Banc of America Securities

and

J.C. Bradford

.

After-Hours Trading

Despite all appearances, tonight's most-active issue on

Island ECN

isn't a bad action film.

Santa Cruz Operation

(SCOC)

posted large gains on heavy volume. The company doesn't film bad actors in a flimsy plot -- it makes Unix-based software that helps in the creation of network systems.

Apparently, much of the boost comes from Internet analyst Steve Harmon, who named the company his stock pick for 2000.

Meanwhile, further down the list,

CMGI

(CMGI)

and

Visx

(VISX)

both posted sizable gains.

And don't go looking for

MarketXT

. The ECN takes Friday nights off.

Island ECN, owned by Datek Online, offers trading, mainly in Nasdaq-listed stocks, from 8 a.m. to 8 p.m. EST.

.

Confused?

TheStreet.com

explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.

--

Eric Gillin

In other postclose news (

earnings estimates from First Call/Thomson Financial; earnings reported on a diluted basis unless otherwise specified

):

Earnings/revenue reports and previews

Dole

(DOL) - Get Report

warned it sees fourth-quarter earnings below estimates, saying that the supply of bananas has gone, well, bananas. Dole said the oversupply, coupled with a strong dollar, would cause it to report earnings of 2 cents to 4 cents a share. The current five-analyst estimate calls for earnings of 16 cents a share. However, Dole said it was encouraged by year-over-year fourth-quarter improvement in its banana activities, and Dole CEO David Murdock said he is confident cost-cutting would improve results next year.

Lillian Vernon

(LVC)

posted third-quarter earnings of $1.06 a share, well above the single-analyst estimate of 92 cents, and the year-ago 84 cents a share.

Mergers, acquisitions and joint ventures

American Greetings

(AM) - Get Report

said the

Justice Department

has requested additional information about its planned $162.3 million acquisition of

Gibson Greetings

(GIBG)

. The companies said such a request was not unusual and that they will work expeditiously to cooperate with the request.

Offerings and stock actions

CVB Financial

(CVB)

set a 5-for-4 stock split effective Jan. 14.

Lason

said its board authorized hiring an investment banker to launch a portion of its existing e-commerce business into a separate unit.