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Technology Stocks : Inktomi (INKT)
INKT 11.20+1.7%9:30 AM EST

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To: PoetTrader who wrote (1445)7/12/1999 4:47:00 PM
From: Tom Smith  Read Replies (2) of 1945
 
PT,

In addition to the general 'net weakness today, INKT may be down because of the DIS takeover of Infoseek. Here's the logic --

According to the press release, "Disney said it would combine its Internet holdings, which include Disney Store, ESPN.com and ABCNews.com, with Infoseek's search engine and other Internet functions, such as electronic mail."

According to the INKT web site, Disney currently uses the INKT search engine for its Disney store. Infoseek is NOT listed as a customer. (Anybody know anything about this?) So it sounds like they will lose the Disney account. It may not be a huge chunk of revenue for INKT, but every little bit counts.

Just speculating ...
Tom
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