Altaba Inc. (formerly Yahoo) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Harmond who wrote (11039)	6/10/1998 9:15:00 AM
From: fut_trade	Read Replies (2) of 27307

Yahoo!'s new search engine is going to have an IPO this week. PALO ALTO, Calif., June 9 (Reuters) - Inktomi Corp, which makes a popular software for searching the Internet, is expected to go public on Wednesday. Inktomi shares were priced Tuesday at $18. The company will offer 2.2 million shares through an underwriting team led byGoldman Sachs. San Mateo, Calif.-based Inktomi is increasingly being recognized for delivering the most comprehensive search results on the World Wide Web. It has alliances with several big Internet portal services to provide search technology to theirdirectories. Yahoo! (NASDAQ:YHOO), the most popular Internet portal, recently selected Inktomi to replace Alta Vista as the search engine underlying its navigational guide. Inktomi is also the search technology behind CNET Inc's (NASDAQ:CNWK) Snap!, the search service that on Tuesday signed a joint venture agreement with NBC Inc. The company also makes network caching software designed to reduce bottlenecks on the Internet by storing some of the most popular online pages closer to users. It has has compared this system to a local library that spares people long trips to the Library of Congress every time they want to buy a book. Inktomi recently entered two international licensing agrements for the network caching software and says it sees strong demand in Europe and Asia, where bandwidth can cost three to 10 times more than it does in the U.S.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next