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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: RCJIII who wrote (12691)1/14/1999 7:55:00 PM
From: lostmymoney  Read Replies (1) | Respond to of 29382
 
Thanks RC, should help alot. GIGX slowly continously moving up.

Mike



To: RCJIII who wrote (12691)1/14/1999 9:00:00 PM
From: Sergio H  Respond to of 29382
 
<cngr>

You're right RC.


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Inktomi beats Street estimates
Software developer boosted by Internet efforts

By Cecily Fraser, CBS MarketWatch
Last Update: 6:06 PM ET Jan 14, 1999 Also: Tech Report

NOVATO, Calif. (CBS.MW) -- A narrower-than-expected first-quarter loss may give shares of Inktomi a boost Friday.


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Updated:
1/14/99 6:22:54 PM ET




The software developer (INKT) posted a loss of $6.4 million, or 24 cents a share, handily beating First Call's consensus estimate of a 30-cent loss.

A year ago, the company reported a loss of $4.3 million, or 25 cents.

Inktomi said first-quarter revenue increased 343 percent to $10.7 million from $2.4 million last year.

Some factors fueling the company's performance include adding some leading Internet companies to its customer base, expanding distribution worldwide, and building key relationships.

During the quarter, the Inktomi search engine began servicing queries for Internet media sites such as America Online (AOL), GeoCities (GCTY) and the Microsoft Network (MSFT).

Inktomi said its search engine processed about 1.8 billion queries during the quarter, an increase of 33 percent over the prior quarter. See press release.