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Technology Stocks : Inktomi (INKT)
INKT 10.87+0.1%Dec 3 3:59 PM EST
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To: LLCoolG who wrote (611)12/17/1998 7:03:00 PM
From: RCJIII  Read Replies (2) of 1945
 
CNGR sells 45% of INKT holdings for $11 million profit-

DALLAS (Dec. 17) BUSINESS WIRE -Dec. 17, 1998--Crown Group, Inc.
(Nasdaq:CNGR) today announced that it has sold 100,000 shares of
Inktomi Corporation (Nasdaq National Mkt:INKT) common stock, for net
proceeds of approximately $120 per share, in a series of private
transactions over the past several days.

The transactions generated proceeds of approximately $12 million and
result in a pretax gain of approximately $11 million. Crown purchased a
total of 222,222 shares of Inktomi common stock in a private
transaction in February 1998, prior to Inktomi's initial public
offering in June 1998. Crown continues to own 122,222 shares of Inktomi
common stock
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