CMGI

(CMGI)

was off 1.9% after announcing that its

AltaVista

division plans to lay off 25% of its employees in a bid to renew its focus on the Internet portal's search capabilities. Also today,

Disney

(DIS) - Get Report

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unveiled a revamped version of its Go.com search service designed to focus on entertainment rather than competing with major portals

Yahoo!

(YHOO)

and

AOL

(AOL)

. Disney was up 0.3% at midday. Yahoo! was off 1.6% and AOL was down 1.5% as techs slumped.