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FW: NYTimes.com Article: Inktomi Sells Online Service Unit
- To: "Liblicense-L (E-mail)" <liblicense-l@lists.yale.edu>
- Subject: FW: NYTimes.com Article: Inktomi Sells Online Service Unit
- From: "Hamaker, Chuck" <cahamake@email.uncc.edu>
- Date: Fri, 15 Nov 2002 16:54:37 EST
- Reply-To: liblicense-l@lists.yale.edu
- Sender: owner-liblicense-l@lists.yale.edu
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.
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