Inktomi (INKT) Message Board

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Technology Stocks : Inktomi (INKT)

INKT 13.22

-5.3%

3:59 PM EST

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To: John Stockman who wrote (1104)	4/15/1999 9:16:00 PM
From: John Stockman	Read Replies (2) of 1945

Well, would you take a look at that. It appears that INKT has another huge loss for the quarter. Did anyone notice that the actual loss would have been ($5.475) Million instead of ($4.876), if it wasn't for a large interest income they had for the quarter. The total six month loss was also greater than last years. All of this is occurring with some good increases in revenue. Looks like their sales and marketing team is eating up all of the revenues coming in. You'll see these same figures occurring for many quarters to come. If you haven't seen it, Microsoft has stated they don't need Inktomi come this summer, and a large amount of competitors are entering INKT's business. This does not bode well for INKT, and hopefully investors will realize that the Market Cap of $6 Billion for this company is no bargain. I hate to see any stock price fall on any company, but since I'm short here, the more it falls the better it is for me. Just warning other investors to not waste their money.

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