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

To: Anaxagoras who wrote (887)	2/18/1999 3:57:00 PM
From: Anaxagoras	Read Replies (2) \| Respond to of 1945

As part of my penance (other than losing $) I post the relevant passage: << Inktomi's officers, directors, the selling stockholders and certain other stockholders and the underwriters entered into lock-up agreements in connection with this offering. These lock-up agreements provide that, with certain limited exceptions, the stockholder will not offer, sell, contract to sell or otherwise dispose of any securities of Inktomi that are substantially similar to the Common Stock...for a period of 90 days after the date of this prospectus [i.e. 11/19/98] without the prior written consent of Goldman, Sachs & Co. Upon expiration of the lock-up agreements, approximately 9,735,271 [x 2 for the split = 19,470,542] Restricted Shares will be eligible for resale, subject in some cases to compliance with the volume limitations and other restrictions under Rule 144. >> Rats. Rats. Double rats. Well, it's too late now- but I can tell ya I wouldn't have bought at the exact time I did had I known this. Be that as it may, I'm holding. Anaxagoras

To: Anaxagoras who wrote (887)	2/18/1999 4:27:00 PM
From: Scott Kessler	Read Replies (3) \| Respond to of 1945

"Don't believe everything you read." "Do your own homework." "Let the buyer beware." We've heard these all before & anyone who bought shares simply b/c of a few inaccurate posts is naive, lazy & @ fault. I'm a seasoned tech investor & I must admit that I'm upset b/c I relied on Anaxogoras' incorrect info as a factor in making an investment decision (actually multiple ones). I didn't check the info myself. If I knew then what I know now, I would have waited until yesterday or today to buy, to assess the situation after the lock-up period expired. I prob. would have either kept the $ on the sidelines or bought EXDS, which did pretty well today. Obviously I can't travel back in time. What has transpired on this board is to be expected. I harbor no ill will towards Anaxagoras, but emplore him & others to appreciate the seriousness of this type of potential prob. People are reading this info. & taking it as true. If you have an opinion -- fine -- voice it. But if you hold yourself out as a purveyor of fact & end up being wrong, your credibility on this board & SI will inexorably be tarnished. No doubt. Apologies are appreciated, but unless the damage that error contributed to can be reversed, a bitter taste will remain. Let's just hope the damn stock bottomed today. It did hold @ important support levels.