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Technology Stocks : Inktomi (INKT)
INKT 12.52-2.4%3:58 PM EST
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To: LLCoolG who wrote (596)12/8/1998 4:06:00 PM
From: G S Puterbaugh   of 1945
 
Cool,

Keep your cool, now. If INKT is going up,
you're happy -- right?

There are just two things I don't get.
First, you seem to think that splits put
money in someone's pocket. Or something.
Splits mean nothing. Zero. Nada.
On Monday you had ten shares worth $100 each.
On Tuesday, you have twenty shares worth $50 each.

Second, you keep referring to INKT as a company
with a "small float." But the float has trebled
over the past 2-3 weeks, from 3mm to 9.5mm.
9.5mm is not a small amount of shares, just
as $2bn is not a small amount of money.

All my best,

Geoff
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