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

To: Randy C. who wrote (242)	8/5/1998 7:50:00 AM
From: UFGator93	Read Replies (2) \| Respond to of 1945

This newsgroup has just died! Does anyone still own this stock? Anyone want to talk about where it is headed from here? I'm short INKT right now and I fully expect it to close the gap within the next few days. Hopefully it will continue the downward momentum from the big sell-off yesterday. I'm wondering what the true value of INKT is. I think a lot of the rise to $80 was fueled by the internet sector hype. While prices of the main internet focus stocks such as YHOO and AMZN have held relatively well, secondary internet stocks such as INKT and EGGS have suffered in recent trading. Has anyone created a valuation model for this stock to determine its true value? I would think that it would head back down to near its first trading day (~$30-$40) before consolidating before any prolonged movement upward. I think the company has a good product, as has been discussed on this newsgroup. However, that product has not yet translated into significant earnings, or at least not the kind of earnings needed to justify its current stock price. I welcome any comments that anyone has on the above. Damon