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Technology Stocks : Inktomi (INKT)
INKT 10.51-5.9%12:59 PM EST

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To: Anaxagoras who wrote (887)2/18/1999 3:57:00 PM
From: Anaxagoras  Read Replies (2) of 1945
 
As part of my penance (other than losing $) I post the relevant passage:

<< Inktomi's officers, directors, the selling stockholders and certain other stockholders and the underwriters entered into lock-up agreements in connection with this offering. These lock-up agreements provide that, with certain limited exceptions, the stockholder will not offer, sell, contract to sell or otherwise dispose of any securities of Inktomi that are substantially similar to the
Common Stock...for a period of 90 days after the date of this prospectus [i.e. 11/19/98] without the prior written consent of Goldman, Sachs & Co. Upon expiration of the lock-up agreements, approximately 9,735,271 [x 2 for the split = 19,470,542] Restricted Shares will be eligible for resale, subject in some cases to compliance with the volume limitations and other restrictions under Rule 144. >>


Rats.
Rats.
Double rats.

Well, it's too late now- but I can tell ya I wouldn't have bought at the exact time I did had I known this. Be that as it may, I'm holding.

Anaxagoras
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