INKT has just about doubled in price since NOVL BrainShare!
cbs.marketwatch.com
nktomi rolls up more partners
By Bambi Francisco, CBS MarketWatch
Last Update: 8:47 AM ET Apr 7, 1999
Internet Daily
Net headlines
NEW YORK (CBS.MW) -- Inktomi is beefing up its stable of portal
and merchant partnerships for its fledging shopping engine.
Inktomi (INKT), the developer of Internet
software, Wednesday said it signed up 5 new
portal partners to enable users to shop and
compare prices over the Web.
The new recruits include: FreeServers, Free
Yellow.Com, Global DataTel, NetGift Registry and
Time Inc. New Media. See release.
Ahead of the news, shares of Inktomi shot up 15
3/4, or 17 percent, to an all-time high of 106 1/4
on Tuesday. Its stock market value now stands at
$5.1 billion. The stock has soared nearly 1100
percent since Goldman Sachs took the company public last June.
While the shopping engine application isn't expected to impact revenues,
much less earnings, for some time, Inktomi does project the new
technology will take off. In one to two years, the shopping engine is
expected to displace Inktomi's main caching and search engine products
as the primary revenue generator, the company has said.
The San Mateo, Calif. company is quickly ramping
up its relationships. Just three weeks ago, Inktomi
had 15 portal partnerships. Inktomi is attracting
more merchants as well. The company now has
350 online retailers offering over 2 million products
through the portal arrangements.
Since the new technology is still in preview mode,
it's difficult to gauge just how many consumers are
using the comparable shopping service, let alone
making purchases because of it.
When they do buy, Inktomi expects to earn a sales
commission from its merchants between 5 to 20
percent of the purchase price. The fee will be
divided in half and shared with the portal driving the
traffic to the cyber stores.
Inktomi plans to introduce a new service in the
second half of this year that allows merchants to
feature products that pop up when consumers ask for recommendations.
The move is clearly aimed at preventing independent retailers, such as
Amazon.com, from building their own in-house shopping search engine.
Inktomi is expected to announce third-quarter 1999 results after the close
of trading on April 15.
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OK, now Novell. Get Digital Me out the door, along with NDS. AOL and INKT, among others, are trying to grab the merchants. We need to step in there too, as a secure, digital persona, used to shop, carry on business (eCommerce), I-Chain Me, and manage networks with NDS.
I see the internet world slipping away..... GO!!!!!!! |
