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

To: MileHigh who wrote (192)	7/10/1998 4:38:00 PM
From: John Wu	Read Replies (1) \| Respond to of 1945

MileHigh, I agree that the move down on light volume is not a great cause of concern for longs. The daytraders are scalping INKT for a half point here and there but 100 share blocks crossing the tape won't move a stock that much. I think that INKT could move higher in the short term if: (1) the market rallies on Monday based on strong parlimentary election results for the LDP in Japan on Sunday; if Hashimoto's party wins a strong majority, it will be perceived as having the political capital to take significant steps to improve Japan's economy and yada yada yada, the stock market goes up, especially tech; (2) INKT reports blow-out numbers in its earnings release on Thursday; which probably won't be hard to do because they only had something like $5 million in revenues last quarter; if they show $10 million in revenues, that's a 100% increase in revenues over the prior quarter; (3) INKT announces a deal for either its search engine technology (i.e., the Disney deal) or Traffic Server cache software (i.e., the AOL deal); or (4) internet stocks rise (for whatever reason). I don't see anything that would take INKT down dramatically unless INKT screws up its first public earnings report. I don't think that will happen. JW