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

To: John Stockman who wrote (1160)	4/18/1999 12:21:00 PM
From: Estephen	Respond to of 1945

John, I don't think INKT is a good stock to be short right now. They just handily beat their earnings estimate and made ~328% revenue growth. The kicker is, they have daily recurring revenue from and customers, and offer services to every business that wants to sell or be known on the internet. They will be getting a % of every sell made with their shopping engine as well. Don't think retailers won't be happy to pay it either. Just like every retailer in the world doesn't mind paying a % to visa or mastercharge if it can get them a sell. Especially Companies that are not techinically inclined but need to get on the web fast (as you know time to market is everything), There are many hundreds of them and INKT is just exactly the service they are looking for. INKT won't stay below 119 very long. I've seen this type of stock action on internets everytime. The companies that have something good, are leaders, and have something that is required by everyone, do great.

To: John Stockman who wrote (1160)	4/18/1999 12:50:00 PM
From: Estephen	Respond to of 1945

Come on John, look at some of inkt clients for god sake.. Yahoo, American on line, Barns and Noble etc.. Save yourself before it's to late !!! Friday April 9 3:52 AM ET Inktomi Adds 350 Merchants To Shopping Service SAN FRANCISCO (Reuters) - Inktomi Corp. (Nasdaq:INKT - news), the Internet company that provides Web searching for Yahoo! Inc. and other sites, said Thursday it added 350 merchants to its online shopping service. Among the merchants it signed up were barnesandnoble.com,, Beyond.com, PC Flowers & Gifts, Reel.com and Sports Superstore Online. Inktomi said the merchants it signed sell more than 2 million products across 14 categories of products and services. San Mateo, Calif.-based Inktomi was one of the first to integrate comparison price data and other consumer information with a search engine service. It said it now offered its service through 20 other portals, adding FreeServers, FreeYellow.Com, Global DataTel, NetGift Registry and Time Inc. New Media. to a group that already included Infoseek, CNET and others. The Inktomi service recommends brands and lists prices compiled by Consumer Digest. It also automates the shopping process, with Universal Order Processing so that shoppers only have to enter their data once and use it for all future transactions with participating merchants.

To: John Stockman who wrote (1160)	4/18/1999 2:26:00 PM
From: Craig A	Read Replies (1) \| Respond to of 1945

John I'm sorry you view some of the posts here as hype. The reason I personally contribute any and all information is to reciprocate fractionally to what others have researched and shared here. I will post negative articles as soon as I find some. Hype to me is defined to me negative or positive posts based on nothing but ones opinion. (We are all a little guilty of that when our stocks are taking off or tanking. Maybe we need a bit of reassurance from others , thus this forum.) I cannot come close to gathering the data that is accumulated here by many folks. If I sat here all day, my ass would grow to my chair. No one seems to spam here. Check out the YHOO thread for HYPE. Do you see posts here screaming 'BUY STOCK OF THE DECADE!'? To assume that my posts of information would possibly 'run up' INKT has never crossed my mind. Nobody here does. Competition? YEP! But show us some names. That would help all of us. Peterschmidt's comments on that topic reassure me. I don't believe the gentleman says things without considerable thought. Good Luck to you! Craig

To: John Stockman who wrote (1160)	4/18/1999 5:24:00 PM
From: Pareto	Respond to of 1945

The Internet is about leverage and speed of implementation in an unprecedented way. You develop a tool once and use it anywhere, anytime, with minimal marginal cost. INKT signed up clients in Europe, Japan, South Africa and South America Telefonica, who just appeared in the long list of new clients is a Spanish company. It is the mayor ISP in most countries of South America. Access time is one of the most critical elements in the success of a webservice. You enter a slow page only twice. Inktomi will be big if they succeed in building up data centers on all the continents mirroring all pages of the Internet and they add value to that information, in the form of search, shopping and many more possible services. The central issue is it uniqueness. I think it can be copied with a significant investment. But like Visa and Mastercard, if you are the first and very big, others cannot easily get your part of the pie. The interesting part of Inktomi is their business and revenue model. They deliver private label services, allowing businesses to present the front as they like it. This is a non-confronting approach and businesses will be happy to sign on. The pay-per-view approach takes of the heavy burden of an upfront investment and has lower risk. The merchants signed up, appear to be of non or low-branded products like flowers, PC accessories. This may be a first phase. The mayor brands stick to their current brick and mortar retail channels or their own site. But as the shopping engine comes alive and gets momentum, you can't stay out. I hope Inktomi management will spend all the cost necessary to get the systems running to the level needed to get and maintain a central role in the Internet. I am not worried at all about current revenue or cost. It is like a case in 101 economics. How to valuate the repair of a railway bridge. Only looking to the bridge, you better leave it as it is. Taking the economic value of the rail connection into account, you better get some extra people working on it. John, some months ago I posted on the tread of Auric, but have a look to their index and you might change your mind as well. home.att.net As long as management runs this business well, keep your stocks and accept a wild ride upwards. The shopping engine, if it works, starts operating in June. Regards, Pareto

To: John Stockman who wrote (1160)	4/18/1999 6:07:00 PM
From: Hectorite	Respond to of 1945

John, I've looked back a few weeks on the thread and didn't see any of the bulls say anything quantitative to defend their position, which I'd like them to do. Pretty much "feel good" sentiment, which I guess is ok if you're daytrading. But what about 2-5 yrs down the road? I don't have a clue what assumptions the bulls are using to put together their opinion. Personally I'm neutral, not bearish, but at least I'll try to tell you why. First it is indeed a "concept stock", but one with a good story, tough to refute that. I can't see any way inkt's not going to generate at least 75M in sales for FY99, considering they've already booked 25 (6mo). The 300% rev. growth rate is probably not sustainable, but triple digit is VERY possible for the next 6-8 qtrs. Try this model on: (first rev # is FY98 actuals with 300% growth takes you to FY99 est. of 80, etc.) Revs rev grwth p/s@$118 p/s@$400 20 300 283 960 80 180 71 240 224 100 23 86 448 75 13 43 784 60 7 24 1254 45 5 15 1819 35 3 11 Reference point MSFT p/s is ~25, ORCL ~5. Ok. Now the only thing we have to argue about is if the growth rate decline is to fast or slow and if the company is going to be the next msft or the next orcl. I say the revenue growth trend assumption is conservative, but not bearishly so (I've fudged around the numbers and it doesn't change things that much), and inkt's business has greater similarity to an orcl than a msft. So it looks that around $118 we're not talking crazy money, just not very attractive to me. With the mo-mo daytraders hanging around, I wouldn't be short on any of these net stocks. Too much risk exposure for me, but then I never go short on anything for that reason. Buy puts sometimes though. H.