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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to
Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 20, 1999
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DoubleClick Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
000-23709 13-3870996
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(Commission File Number) (I.R.S. Employer Identification No.)
41 Madison Avenue, 32nd Floor, New York, New York 10010
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(Address of Principal Executive Offices) (Zip Code)
(212) 683-0001
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(Registrant's Telephone Number, Including Area Code)
N.A.
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
On December 19, 1996 (as amended on December 16, 1997),
DoubleClick Inc., a Delaware corporation (the "Company"), and
Compaq Computer Corporation, a Delaware corporation ("Compaq"),
entered into a Procurement and Trafficking Agreement pursuant to
which the Company had the exclusive right to sell and deliver all
advertising on specified pages within the Alta Vista Web site. On
January 20, 1999, the Company changed its relationship with
Compaq by entering into an Advertising Services Agreement that
supercedes the Procurement and Trafficking Agreement. The new
Advertising Services Agreement is effective as of January 1,
1999. Pursuant to the Advertising Services Agreement, Compaq has
agreed to use the Company's DART technology for ad delivery and
to outsource to the Company's sales force certain ad sales
functions for domestic, international and local ad sales. Alta
Vista will continue to handle electronic commerce and large
sponsorship deals and further develop their internal sales
organization. In consideration for such services performed by the
Company, Compaq will pay to the Company (i) a DART Services fee
for all domestic, international and local advertising delivered
by the Company to the Alta Vista Web site, (ii) a sales
commission based on the net revenues generated from all
advertisements sold by the Company on behalf of Compaq and (iii)
a billing and collections fee for all billing and collections
services performed by the Company on behalf of Compaq in relation
to the advertisements sold by the Company on behalf of Compaq.
Under the new agreement, the manner in which the Company reports
its financial results related to the services it provides to Alta
Vista will change. Specifically, as a result of the Company's
change in relationship with Alta Vista, rather than recognizing
as revenues the gross amount of billings relating to ads
delivered by the Company to the Alta Vista Web site, the Company
will recognize as revenues the DART Service fee, the sales
commission and billing and collection fees. The Advertising
Services Agreement shall expire on January 1, 2002, subject to
prior termination in certain limited circumstances or further
extension in accordance with the terms of the Advertising
Services Agreement.
This Form 8-K contains forward-looking statements. All
forward-looking statements involve risks and uncertainties,
including, without limitation, the risks detailed in the
Company's filings and reports with the Securities and Exchange
Commission. Such statements are only predictions and actual
events or results may differ materially.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DoubleClick Inc.
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(Registrant)
By: /s/ Jeffrey E. Epstein
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Name: Jeffrey E. Epstein
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Title: Chief Financial Officer
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Dated: January 29, 1999
