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Technology Stocks : Inktomi (INKT) -- Ignore unavailable to you. Want to Upgrade?

To: PoetTrader who wrote (1445)	7/12/1999 4:47:00 PM
From: Tom Smith	Read Replies (2) \| Respond to of 1945

PT, In addition to the general 'net weakness today, INKT may be down because of the DIS takeover of Infoseek. Here's the logic -- According to the press release, "Disney said it would combine its Internet holdings, which include Disney Store, ESPN.com and ABCNews.com, with Infoseek's search engine and other Internet functions, such as electronic mail." According to the INKT web site, Disney currently uses the INKT search engine for its Disney store. Infoseek is NOT listed as a customer. (Anybody know anything about this?) So it sounds like they will lose the Disney account. It may not be a huge chunk of revenue for INKT, but every little bit counts. Just speculating ... Tom

To: PoetTrader who wrote (1445)	7/12/1999 6:39:00 PM
From: KM	Read Replies (3) \| Respond to of 1945

They're doing a secondary and obviously the word leaked out before the close. Oops. Tank city if it's priced under today's price. Monday July 12, 5:29 pm Eastern Time Company Press Release Inktomi Files Registration Statement For Public Offering of 3,300,000 Common Shares SAN MATEO, Calif.--(BUSINESS WIRE)--July 12, 1999--Inktomi Corp. (NASDAQ: INKT - news) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed offering of up to 3,300,000 shares of Inktomi common stock. Of these shares of common stock, Inktomi will offer 2,015,000 shares and selling stockholders will offer 1,285,000 shares. The managing underwriters of the offering are Goldman, Sachs & Co., Morgan Stanley Dean Witter, Deutsche Banc Alex. Brown, Hambrecht & Quist and Merrill Lynch & Co. Inktomi develops and markets scalable software designed for the world's largest Internet infrastructure and media companies. Inktomi's two areas of business are portal services, comprised of the search, directory and shopping engines; and network products, comprised of the Traffic Server network cache and associated value-added services. When available, a copy of the Prospectus relating to the offering may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004; Morgan Stanley Dean Witter, 1585 Broadway, New York, NY 10036; Deutsche Banc Alex. Brown Incorporated, 101 California Street, 48th Floor, San Francisco, CA 94111; Hambrecht & Quist, One Bush Street, San Francisco, CA 94104; and Merrill Lynch & Co., 250 Vesey Street, World Financial Center, North Tower, New York, NY 10281. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state. Note to Editors: Inktomi, the tri-colored cube logo, Scaling the Internet and Traffic Server are trademarks or registered trademarks of Inktomi Corporation.