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

To: LLCoolG who wrote (611)	12/17/1998 7:03:00 PM
From: RCJIII	Read Replies (2) \| Respond to of 1945

CNGR sells 45% of INKT holdings for $11 million profit- DALLAS (Dec. 17) BUSINESS WIRE -Dec. 17, 1998--Crown Group, Inc. (Nasdaq:CNGR) today announced that it has sold 100,000 shares of Inktomi Corporation (Nasdaq National Mkt:INKT) common stock, for net proceeds of approximately $120 per share, in a series of private transactions over the past several days. The transactions generated proceeds of approximately $12 million and result in a pretax gain of approximately $11 million. Crown purchased a total of 222,222 shares of Inktomi common stock in a private transaction in February 1998, prior to Inktomi's initial public offering in June 1998. Crown continues to own 122,222 shares of Inktomi common stock