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

To: greentree who wrote (99)	6/15/1998 2:45:00 PM
From: IMPRISTlNE	Respond to of 1945

INKtomi INKtomi INKtomi INKtomi INKtomi..... Makes a nice chant...Has a NICE ring to it...<G>

To: greentree who wrote (99)	6/26/1998 1:01:00 PM
From: shag007	Read Replies (1) \| Respond to of 1945

Greentree I will address your concerns on this matter. Inktomi offered 2,254,000 shares to the public. 2,000,000 offered by the company (which means they raised $36,000,000 cash) 254,000 offered by selling stockholders. The total outstanding shares of the company after the offering are 20,531,813. That means that they only offered 10 % of the equity at the $18 price tag. They have lots more they can offer. If you multiply the $18 price tag by the outstanding shares that means that they valued their company at a modest $370 million. Remember that the week they went public the tech and internet stocks were very weak. Besides they only offered 10 % of their stock. At today's price of around 41 the market cap of the company is at $841,000,000. There next offerings will dilute our shares with a bigger float but they will surely get alot more for 10 % of the company. They will have plenty to finance R&D and acquisitions as they see fit, in my opinion. Regards, FDA