[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

FW: NYTimes.com Article: Inktomi Sells Online Service Unit



http://www.nytimes.com/cnet/CNET_2100-1023-965751.html

Cataloging for dollars. 

Inktomi Sells Online Service Unit

November 13, 2002
By THE ASSOCIATED PRESS 
Filed at 9:51 p.m. ET 

SAN FRANCISCO (AP) -- Online search pioneer Inktomi Corp. fattened its
dwindling bank account Wednesday by agreeing to sell its business services
division to Verity Inc. for $25 million.

snip

Inktomi believes it will now have enough cash to survive until it starts
making money. The company intends to focus on charging fees to catalog the
content of Web sites that want to be listed in popular online search
engines.

The switch signals a back-to-basics strategy for Inktomi, which developed
one of the Internet's best-known brands.

snip.