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- ---- Inktomi sold off it's enterprise search
skibum - 5:10 am on Nov 14, 2002 (gmt 0)
From the News.com [news.com.com] version:
|The deal also comes only weeks after Inktomi introduced a new version of its Web search technology for businesses, called Inktomi Enterprise Search 5.0. |
Must have had some plans to sell prior to or during the development of this.
|For Inktomi, the buyout will clip a business that it does not have the resources to support or nourish. |
If MSN or somebody else doesn't continue to nourish the other one, that'll be up for sale soon as well.
|It also reported a quarterly loss of $131.6 million including charges, as well as a loss of $500.8 million over the past 12 months. |
Emphasis added. Half a billion dollar loss last year!
That's like a throwback to the dot-bomb daze. According to the article the sale will net them 25 mil. At the current burn rate, that will be gone in less than a month.
...and from the previous article:
|According to Salomon Smith Barney, Web search and paid inclusion is a $1.4 billion market with the potential to grow 30 to 35 percent per year to 2004, and 20 to 25 percent per year to 2008 |
Seems like if those predictions are anywhere near correct, there will not be free (relevant?) listing anywhere on the net.
[edited by: skibum at 5:16 am (utc) on Nov. 14, 2002]
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