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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (9124)	11/12/2002 10:37:03 AM
From: Jim Willie CB	Read Replies (3) \| Respond to of 89467

if lucky, it will pay for one or two meals per year who knows? regardless, it is fun keep me off the street, but not out of the clubs hard to compete against free websites but 700,000 monthly site hits has to count for something very grateful to 4figureAU for opening the door last article in print was my doctoral thesis back when I had hair really wasnt that much work but the preparation was months of reading and hashing out on these threads / jim p.s. trying to have 6 typos fixed in the article

To: Cactus Jack who wrote (9124)	12/9/2002 12:55:46 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

As Inktomi sinks, CEO restores home HE SOLD $90.5 MILLION IN STOCK BY EARLY '01 By Chris O'Brien Mercury News Posted on Sun, Dec. 08, 2002 For David C. Peterschmidt, chief executive of Inktomi, things went wrong from the start. Not with the search engine company, but with the six-bedroom Saratoga mansion he bought. The Hayfield House, which has historic landmark designation, was designed by legendary architect Julia Morgan. Peterschmidt and his wife, Roxanne, bought the house in June 1999 for $4.7 million. It needed restoration, so they hired architect Gary Kohlsaat. Three years later, the work is still not done. ``On the surface it looked like it was in decent shape,'' Kohlsaat said. ``But it was a money pit.'' There were leaks and sagging stucco. Then the guest home had to be moved and a new garage built. The mansion -- with a wraparound porch, several gables and an ornate front gate -- should be done sometime this month. When completed, it will go nicely with the two adjacent properties the Peterschmidts bought for $2.1 million and $5.4 million. And the Peterschmidts can always escape to the three-bedroom vacation house in Palm Desert they bought in September 2000 for $3.5 million. Don't worry. Peterschmidt can afford the pricey real estate. He sold $90.5 million in Inktomi stock between November 1998 and February 2001. From 1999 to 2001, he also collected a total of $1.76 million in salary and bonus, plus options for 2.1 million shares. The company let him exchange options for 1.47 million shares for ones at lower prices as Inktomi's stock fell. Inktomi also extended 10 loans to Peterschmidt between Dec. 10, 2001, and May 14 totaling $7.6 million to cover what the company described in SEC filings as his ``short-term cash needs.'' The company made the loans so Peterschmidt wouldn't sell more Inktomi stock, which could have had ``negative inferences,'' Inktomi said in a filing. The company added that by making the loans, it hoped its CEO would ``focus on growing the company.'' Peterschmidt also served as a director at Portal Software, where he sold $7.3 million in stock since 1999. Inktomi happened to be a customer of Portal's and bought $90,246 in software and consulting services in the 2001 fiscal year. Peterschmidt, through an Inktomi spokeswoman, declined to comment. He became CEO of Inktomi in July 1996, just a few months after being ousted as chief operating officer at Sybase when the software company reported a first quarter loss. Inktomi's future is uncertain. Its stock traded at $241.50 on March 24, 2000, but now hovers around $1. The company recently sold its software division for $25 million to raise cash. The number of employees stands at 140, down by more than 600 from its peak. bayarea.com